Danna Azrieli has been appointed Acting Chairman of Azrieli Group due to the deterioration in David Azrieli's health.
Azrieli Group Ltd. (TASE: AZRG) reported that at this evening's board of directors meeting Deputy Chairman Danna Azrieli was appointed Acting Chairman in place of her father David Azrieli "due to the deterioration in his health." David Azrieli is 92.
Danna Azrieli has been serving as Vice Chairman in an 80% position with a monthly salary of NIS 177,000 linked to the Consumer Price Index.
In recent weeks Azrieli Group has agreed two major deals to sell units of Granite Hacarmel Investments Ltd. (TASE: GRNT) to raise liquidity to focus on core real estate income producing property operations. Paint company Tambour Ltd. was sold to Singapore-based Kusto for NIS 500 million and gas station chain Sonol Israel Ltd, was sold to Shlomo Shmeltzer for NIS 450 million.
Published by Globes [online], Israel business news - www.globes-online.com - on July 3, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2014
David Azrieli