The Alon Israel Oil Company Ltd. group yesterday decided to appoint Avigdor Kaplan as CEO in place of David Wiessman, who was removed from his position by Adv. Shraga Biran, his partner in the group's controlling interest, after his contract expired last week.
This measure signals a new low in the rift between Biran and Wiessman in recent years, after a partnership of over 20 years. Kaplan was formerly chairman and CEO of Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) and director general of Hadassah Medical Center.
By appointing Kaplan, Biran is removing Wiessman from management of the holding company, but Wiessman will continue for the time being in his positions in the public companies under its control, particularly CEO of Alon Holdings Blue Square - Israel Ltd. (NYSE: BSI; TASE: BSI), and will also continue as a director in those companies.
Alon Israel Oil, one of Israel's strongest holding companies, holds several public companies, including Alon Natural Gas Exploration Ltd. (TASE: ALGS), Blue Square Real Estate Ltd. (TASE: BLSR), , and Alon USA Partners LP (NYSE: ALWD).
Published by Globes [online], Israel business news - www.globes-online.com - on January 6, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015