Metalink Ltd. reported that, as part of the company's cost- reduction plans, Shay Evron, who acted as the company's Chief Financial Officer since June 2011 and as its acting Chief Executive Officer since March 2015, will no longer continue in such positions. Mr. Evron was providing such services as part of the company's engagement with an affiliate of Fahn Kanne- Grant Thornton Israel for the provision of these officer services as well as other financial and accounting services to the Company, which are expected to continue.