– ISRAEL – G. Willi-Food International Ltd. (NASDAQ: WILC), a global company that specializes in the development, marketing and international distribution of kosher foods, announced today that the Company’s Board of Directors has appointed Mr. Emil Budilovsky as the Company’s Chief Executive Officer effective immediately. Mr. Budilovsky succeeds the Company’s current CEO, Mr. Gil Hochboim, who has served in that role since February 2012 and will be continuing to serve the Company as Deputy CEO.
Emil Budilovsky, who has served as a member of the Board since May 2014, has more than 20 years of business and management experience and was most recently VP of Business Development of BSD Crown LTD., the Company’s majority shareholder. From 2012 to 2013, Mr. Budilovsky served as the CEO of Arricano Real Estate Plc, a leading developer and operator of shopping centers in Ukraine which he led to listing on the AIM Market in London. During his tenure, he helped the company obtain financing from local and international institutions and led strategic development and lease transactions with large international retailers. Prior to that, from 2010 to 2012, Mr. Budilovsky served as the CFO of Mirland Development Corporation Plc, a real estate developer in the Russian Federation traded on the AIM Market in London and a subsidiary of the Fishman Group, and from 2009 to 2010 he served as CFO of Adama Ukraine Ltd., a real estate developer in Ukraine. Before that, Mr. Budilovsky served as CFO and Chief Credit Officer for two U.S.-based real estate investment and finance companies. Mr. Budilovsky earned bachelor degrees in accounting and economics from Tel Aviv University, an M.B.A from Tel Aviv University, and an L.L.B. from the College of Management. He is also a member of the New York State Bar.
About G. Willi-Food International Ltd.
G. Willi-Food International Ltd. is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 600 food products worldwide. As one of Israel’s leading food importers, Willi-Food markets and sells its food products to over 1,500 customers in Israel and around the world including large retail and private supermarket chains, wholesalers and institutional consumers. The Company’s operating divisions include Willi-Food in Israel and Gold Frost, a wholly owned subsidiary who designs, develops and distributes branded kosher, dairy-food products.
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