Gilat Satellite Networks [Nasdaq:GILTF] on Monday announced the resignations of its co-founders, Chairman and CEO Yoel Gat and President Amiram Levinberg. The resignations will take effect at the April meeting of a new board. Shlomo Rodav is expected to replace Gat as chairman, and Oren Most is expected to be appointed president and CEO.

The changes in the company’s (Israel) top executive positions coincides with the successful conclusion of Gilat’s debt restructuring plan authorized by the courts this past week (see ST, March 6). Both Gat and Levinberg will continue in their positions until the new board is elected in April.