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Tower CEO to depart in 2020

Richard Harding is set to leave as CEO at Tower Ltd. by the end of 2020 as he will not be extending his contract beyond its current term.

The company's board has started looking for his successor.

Additionally, Tower announced that Chief Information Officer Peter Muggleston will become COO. Muggleston's appointment is in line with the company's transition toward an agile-based platform operating model, according to the company.