Bank Hapoalim (LSE: BKHD; TASE: POLI) chairman Shlomo Nehama is to step down. He will be replaced by Poalim Capital Markets - Investment Bank Ltd. and Iscracard chairman Dan Dankner.
"Globes" first reported on February 15 that Nehama will not complete his term of office at the bank because of his private business interests with, among others, real estate developer and Topland co-owner Sol Zakay.
Arison Holdings Ltd. chairman Shari Arison said today on behalf of the bank's key shareholder, that an agreement in principle had been reached with Nehama on the date and terms of his retirement, while honoring in full the terms of his contract of employment.
Arison will submit the nomination of Dankner as chairman to the bank's board for approval. Dankner has been a board member and chairman of the bank's balance sheet committee for ten years.
In March 2006, Nehama sold his stake in Arison Holdings to Shari Arison for $150 million, and since then he has been seeking investment opportunities on the market.
Published by Globes [online], Israel business news - www.globes.co.il - on March 15, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007