– ISRAEL, Yakum – Alon Blue Square Israel Ltd. announced today that the Company’s Board of Directors has appointed Mr. Amit Ben Itzhak as the Company’s Chairman of the Board effective immediately. Mr. Ben Itzhak succeeds the Company’s current Chairman of the Board, Mr. Yitzhak Bader, whose resignation follows the end of Mr. Bader’s term as Chairman of the Board of Alon Israel Oil Company Ltd., Company’s controlling shareholder.
Alon Blue Square expresses its appreciation and thanks to Mr. Bader for service to the Company.
Mr. Ben Itzhak has more than 20 years of financial and management experience and currently serves as Acting Chairman of the Granot Corporation and as Chairman of Hamashbir Agriculture Ltd. (“Hamashbir”), an Israeli agricultural supply company. From 2008-2013, Mr. Ben Itzhak served as Chief Executive Officer of Hamashbir. From 2005 – 2008, Mr. Ben Itzhak served as Chief Financial Officer of Tnuva Corporation, a leading food group in Israel, and from 2002 to 2005, Mr. Mr. Ben Itzhak served as Chief Executive Officer of Granot. Mr. Ben Itzhak was also Co-Founder, Chief Executive Officer, and Chairman of Zap Computing Ltd. from 2001 to 2005. Mr. Ben Itzhak has a B.A in Economics and Business Administration from the Ruppin Academic Center and an M.B.A (with honors) from the Hebrew University of Jerusalem.
In addition the Board of directors accepted Mrs. Limor Ganot’s request to officially stop serving as Co CEO effective today.
Alon Blue Square Board of directors also expresses its support in Company’s management and the managements of its subsidiaries in light of current media reports and wishes to state that it has no intention of making unnecessary management changes.
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