MIND Appoints New CEO and Chief Business Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
MIND announced leadership appointments. Following the resignation of its Chief Executive Officer, Ariel Glassner, MIND's Board of Directors has appointed Monica Iancu, the Company's founder and former CEO, as Interim CEO effective July 1, 2026. In addition, Orly Sorokin, currently an independent member of the Board, will step down from the Board and join MIND as Chief Business Officer effective August 1, 2026.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MNDO?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MNDO
About MNDO
Mind C.T.I. Ltd. develops, manufactures, markets and implements real-time and off-line convergent billing and customer care software solutions. The Company offers its solutions for various types of communication providers, including traditional wireline and wireless, voice over Internet Protocol (VoIP), and broadband IP network operators, long-term evolution (LTE) operators, cable operators and mobile virtual network operators (MVNOs). The Company operates through providing integrated products and services segment. Its product lines include billing and customer care solutions for service providers, and call accounting and call management solutions for enterprises. The Company's convergent billing and customer care solution supports multiple services, including voice, data and content services, as well as prepaid, postpaid and pay-in-advance payment models in a single platform. Prepaid subscribers are offered with a range of services, such as special bundles, rating plans and limits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MIND C.T.I. Appoints New Interim CEO and CBO
- Executive Changes: MIND C.T.I. announced the appointment of founder and former CEO Monica Iancu as interim CEO effective July 1, 2026, following the resignation of CEO Ariel Glassner, aiming to ensure stability and continuity in leadership.
- New Chief Business Officer: Current independent board member Orly Sorokin will step down from the board and join MIND as Chief Business Officer effective August 1, 2026, tasked with driving strategic growth, business operations, and commercial development, which is expected to enhance the company's market competitiveness.
- Extensive Industry Experience: Sorokin's previous roles at IBM encompassed sales, emerging technologies, and business initiatives, and her wealth of experience is anticipated to bring fresh perspectives and innovation to MIND's business strategy.
- Financial Performance: MIND C.T.I. recently reported a GAAP EPS of $0.05 and revenue of $4.9 million, indicating stable performance in the current market environment, providing a solid financial foundation for the new executives' strategic initiatives.
See More
MIND C.T.I. Appoints New CEO and Chief Business Officer
- Leadership Changes: MIND C.T.I. announced that founder and former CEO Monica Iancu will assume the role of Interim CEO effective July 1, 2026, succeeding the resigned Ariel Glassner, aiming to maintain operational continuity and drive future growth.
- New Chief Business Officer: Orly Sorokin will join MIND as Chief Business Officer on August 1, 2026, overseeing strategic growth and business development, bringing extensive industry experience from her previous roles at IBM.
- Emphasis on Customer Relationships: Iancu highlighted that MIND's success is built on strong customer relationships and an exceptional team, committing to continue serving customers and fostering innovation during the transition period.
- Commitment to Innovation and Growth: Sorokin expressed that returning to MIND feels like coming home, looking forward to collaborating with the team to drive innovation, growth, and long-term value creation, further solidifying the company's position in the industry.
See More
Gauzy Regains Nasdaq Compliance with Board Appointment
- Board Compliance: Gauzy announced that it has regained compliance with Nasdaq listing requirements by appointing Joseph Tenne to its board, ensuring that the company's governance structure meets independence standards, thereby enhancing investor confidence.
- Audit Committee Leadership: Tenne will serve as chair of the audit committee and a member of the compensation committee, leveraging his experience on multiple boards to improve the company's financial transparency and compliance, further solidifying corporate governance.
- Board Expansion: This appointment is part of the company's recent board member additions aimed at enhancing board independence and diversity, aligning with Nasdaq's stringent governance requirements and supporting future growth.
- Positive Market Reaction: The news of Gauzy's compliance restoration led to a 1.73% increase in its pre-market stock price to $1.17, indicating a positive market response to the improvement in corporate governance, which may attract more investor interest.
See More
MIND C.T.I Reports Q4 and Full Year 2025 Financial Results
- Q4 Financial Performance: MIND C.T.I reported a GAAP EPS of $0.05 for Q4 2025, with revenue of $4.9 million and cash flow from operating activities increasing to $1.2 million from $0.3 million in Q4 2024, indicating improved operational efficiency.
- Annual Revenue Comparison: Total revenue for FY 2025 was $19.4 million, down from $21.4 million in 2024, reflecting the impact of intensified market competition and demand fluctuations, necessitating strategic measures to restore growth.
- Operating Income Decline: The operating income for FY 2025 was $2.1 million, representing 11% of total revenue, a decrease from $4.4 million and 20% in 2024, highlighting challenges in cost control and profitability.
- Cash Flow and Reserves: Cash flow from operating activities for FY 2025 was $4.0 million, slightly lower than $4.1 million in 2024, while the cash position as of December 31, 2025, stood at approximately $13.6 million, indicating stability in liquidity management.
See More
MIND C.T.I. Reports 2025 Financial Results
- Revenue Decline: In Q4 2025, MIND C.T.I. reported revenues of $4.9 million, down from $5.2 million in Q4 2024, reflecting negative impacts from market consolidation and changes in customer spending patterns, with expectations of continued revenue pressure into 2026.
- Operating Income Decrease: The operating income for Q4 2025 was $0.8 million, representing 17% of total revenue, compared to $1.3 million or 25% in Q4 2024, indicating challenges in cost control and efficiency improvements.
- Cash Flow Improvement: Despite the revenue decline, cash flow from operating activities reached $1.2 million in Q4 2025, significantly up from $0.3 million in Q4 2024, demonstrating some success in cash management.
- Shareholder Meeting Announcement: MIND C.T.I. will hold its Annual General Meeting on May 6, 2026, allowing shareholders to vote and discuss the audited financial statements for 2025, reflecting the company's commitment to transparency and shareholder engagement.
See More
MIND CTI Reports Second Quarter 2025 Results
Financial Performance: MIND C.T.I. Ltd. reported a decrease in revenues to $4.8 million for Q2 2025, down from $5.3 million in Q2 2024, with net income also declining to $0.5 million compared to $1.1 million the previous year, largely due to challenges in the billing segment and increased competition.
Market Position and Strategy: CEO Ariel Glassner emphasized the company's focus on efficiency and investment in key areas to adapt to market needs, while maintaining a strong cash position of $11.4 million as of June 30, 2025, despite a decline from the previous year.
See More
MIND C.T.I. Appoints New Interim CEO and CBO
- Executive Changes: MIND C.T.I. announced the appointment of founder and former CEO Monica Iancu as interim CEO effective July 1, 2026, following the resignation of CEO Ariel Glassner, aiming to ensure stability and continuity in leadership.
- New Chief Business Officer: Current independent board member Orly Sorokin will step down from the board and join MIND as Chief Business Officer effective August 1, 2026, tasked with driving strategic growth, business operations, and commercial development, which is expected to enhance the company's market competitiveness.
- Extensive Industry Experience: Sorokin's previous roles at IBM encompassed sales, emerging technologies, and business initiatives, and her wealth of experience is anticipated to bring fresh perspectives and innovation to MIND's business strategy.
- Financial Performance: MIND C.T.I. recently reported a GAAP EPS of $0.05 and revenue of $4.9 million, indicating stable performance in the current market environment, providing a solid financial foundation for the new executives' strategic initiatives.
See More
MIND C.T.I. Appoints New CEO and Chief Business Officer
- Leadership Changes: MIND C.T.I. announced that founder and former CEO Monica Iancu will assume the role of Interim CEO effective July 1, 2026, succeeding the resigned Ariel Glassner, aiming to maintain operational continuity and drive future growth.
- New Chief Business Officer: Orly Sorokin will join MIND as Chief Business Officer on August 1, 2026, overseeing strategic growth and business development, bringing extensive industry experience from her previous roles at IBM.
- Emphasis on Customer Relationships: Iancu highlighted that MIND's success is built on strong customer relationships and an exceptional team, committing to continue serving customers and fostering innovation during the transition period.
- Commitment to Innovation and Growth: Sorokin expressed that returning to MIND feels like coming home, looking forward to collaborating with the team to drive innovation, growth, and long-term value creation, further solidifying the company's position in the industry.
See More
Gauzy Regains Nasdaq Compliance with Board Appointment
- Board Compliance: Gauzy announced that it has regained compliance with Nasdaq listing requirements by appointing Joseph Tenne to its board, ensuring that the company's governance structure meets independence standards, thereby enhancing investor confidence.
- Audit Committee Leadership: Tenne will serve as chair of the audit committee and a member of the compensation committee, leveraging his experience on multiple boards to improve the company's financial transparency and compliance, further solidifying corporate governance.
- Board Expansion: This appointment is part of the company's recent board member additions aimed at enhancing board independence and diversity, aligning with Nasdaq's stringent governance requirements and supporting future growth.
- Positive Market Reaction: The news of Gauzy's compliance restoration led to a 1.73% increase in its pre-market stock price to $1.17, indicating a positive market response to the improvement in corporate governance, which may attract more investor interest.
See More
MIND C.T.I Reports Q4 and Full Year 2025 Financial Results
- Q4 Financial Performance: MIND C.T.I reported a GAAP EPS of $0.05 for Q4 2025, with revenue of $4.9 million and cash flow from operating activities increasing to $1.2 million from $0.3 million in Q4 2024, indicating improved operational efficiency.
- Annual Revenue Comparison: Total revenue for FY 2025 was $19.4 million, down from $21.4 million in 2024, reflecting the impact of intensified market competition and demand fluctuations, necessitating strategic measures to restore growth.
- Operating Income Decline: The operating income for FY 2025 was $2.1 million, representing 11% of total revenue, a decrease from $4.4 million and 20% in 2024, highlighting challenges in cost control and profitability.
- Cash Flow and Reserves: Cash flow from operating activities for FY 2025 was $4.0 million, slightly lower than $4.1 million in 2024, while the cash position as of December 31, 2025, stood at approximately $13.6 million, indicating stability in liquidity management.
See More
MIND C.T.I. Reports 2025 Financial Results
- Revenue Decline: In Q4 2025, MIND C.T.I. reported revenues of $4.9 million, down from $5.2 million in Q4 2024, reflecting negative impacts from market consolidation and changes in customer spending patterns, with expectations of continued revenue pressure into 2026.
- Operating Income Decrease: The operating income for Q4 2025 was $0.8 million, representing 17% of total revenue, compared to $1.3 million or 25% in Q4 2024, indicating challenges in cost control and efficiency improvements.
- Cash Flow Improvement: Despite the revenue decline, cash flow from operating activities reached $1.2 million in Q4 2025, significantly up from $0.3 million in Q4 2024, demonstrating some success in cash management.
- Shareholder Meeting Announcement: MIND C.T.I. will hold its Annual General Meeting on May 6, 2026, allowing shareholders to vote and discuss the audited financial statements for 2025, reflecting the company's commitment to transparency and shareholder engagement.
See More
MIND CTI Reports Second Quarter 2025 Results
Financial Performance: MIND C.T.I. Ltd. reported a decrease in revenues to $4.8 million for Q2 2025, down from $5.3 million in Q2 2024, with net income also declining to $0.5 million compared to $1.1 million the previous year, largely due to challenges in the billing segment and increased competition.
Market Position and Strategy: CEO Ariel Glassner emphasized the company's focus on efficiency and investment in key areas to adapt to market needs, while maintaining a strong cash position of $11.4 million as of June 30, 2025, despite a decline from the previous year.
See More
