New TASE CEO Yossi Beinart could earn NIS 1.8m annually

Yossi Beinart will succeed Ester Levanon, who announced in mid-July that she would leave her post at the end of the year.

The Tel Aviv Stock Exchange (TASE) board of directors appointed Yossi Beinart as CEO on Thursday, October 31. He will succeed Ester Levanon, who announced in mid-July that she would leave her post at the end of the year.

Beinart brings extensive international and managerial experience in a competitive and highly regulated environment that requires an innovative and creative attitude as well as strategic planning and execution capabilities. As CEO of Nadex (the North American Derivatives Exchange), he is familiar with trade and clearing, and serves as president and CEO of Nadex.

Beinart said, “I thank the TASE board for the vote of confidence. TASE is a central and significant pillar of Israel’s capital market and economy, and I believe that together with the TASE staff, its management and board of directors, we will successfully handle the challenging missions ahead."

Sources inform "Globes" that Beinart could earn an annual salary of NIS 1.8 million including a monthly salary of NIS 100,000 and further six monthly salaries if targets are achieved.

Published by Globes [online], Israel business news - www.globes-online.com - on November 3, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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