Underwear, sleepwear and intimate apparel maker Delta Galil Industries Ltd has named Noam Lautman - the son of company founder Dov Lautman - as its new chairman.

He replaces Gideon Chitayat who is stepping down due to other engagements, but will remain a member of the board

Noam, who has been a director of the company for ten years, previously served as director for strategic planning and new ventures at Teva Pharmaceutical Industries, and is currently CEO of private investment firm 2gether Capital.

The Lautman family holds 10.5% of the shares of the company.

Isaac Dabah, CEO and controlling shareholder of Delta Galil, described the appointment as a "manifestation of the commitment of the Lautman family to the company. Noam has many years of experience with the company and he has much to contribute to its continued success."