Gal Landau-Yaari has resigned due to strained relations with chairman Amnon Neubach.
The managerial chaos at the Tel Aviv Stock Exchange (TASE) has reached a new peak after interim CEO Gal Landau-Yaari has resigned. A source told "Globes" that the resignation is due to strained relations with chairman Amnon Neubach. The move comes three weeks after Neubach announced the setting up of a search committee to find a new CEO to replace Yossi Beinart who stepped down due to illness.
Landau-Yaari had served as TASE deputy CEO and COO since October 2015, replacing Beinart at the end of June. A source close to the matter said that Neubach had sidelined her from the major measures being taken by the TASE.
Landau-Yaari will continue as interim CEO until the end of December.
This latest resignation comes as trading volumes continue to fall on the TASE, and many companies are delisting while there are virtually no IPOs.
Published by Globes [online], Israel business news - www.globes-online.com - on October 10, 2016
© Copyright of Globes Publisher Itonut (1983) Ltd. 2016
Tel Aviv Stock Exchange Photo: Eli Yizhar