Delta Galil Industries announced on Monday the appointment of Yaniv Benedek to the role of chief financial officer, effective October 9.

A corporate veteran, Benedek brings global experience across due diligence, mergers and acquisitions, strategic business development, and the establishment of new business initiatives to his new role.

He initially joined Delta Galil in 2011 as an accountant and has held several key positions during his tenure, including vice president of global taxation and company secretary.

He was promoted to CFO of Delta Israel brands in 2021, when that company went public, to manage its financial system, spearhead business development, maintain investor relations and coordinate activities with the board of directors.

“Yaniv’s financial and management experience and success in driving the growth of our Delta Israel Brands business have prepared him exceedingly well for the role of CFO of Delta Galil Industries,” said Isaac Dabah, CEO of Delta Galil Industries.

“We’re pleased to appoint a talented leader who has grown within the company and are confident his knowledge, track record and leadership capability will enable him to help guide our business to new heights.”

Benedek replaces Lilach Payorski, who only took on the role of chief financial officer at the end of July this year. A reason for her departure was not given.

Founded in 1975, Delta Galil develops apparel including bras, shapewear and socks; intimate apparel for women; underwear for men including under its owned brands Schiesser, Eminence, and Athena; babywear, activewear, sleepwear, and loungewear including under its owned P.J. Salvage and Delta brands.

The company also designs, develops markets and sells branded denim and apparel under the brand 7 For All Mankind, and ladies’ and kids’ apparel under the brand Splendid. In addition, it sells its products under brand names licensed to the company, including Adidas, Wolford, Wilson, Columbia, Tommy Hilfiger, and others.