Administrative tangle following Aberhahn’s expected return to Shufersal

The expected return of retiring Shufersal CEO Itzik Aberkhan to the network, and this time as chairman of the board, could create an unprecedented managerial tangle among the leading companies in the economy.

Aberhahn’s candidacy has the support of a number of institutional entities, headed by the insurance companies Phoenix, Harel, Clal Insurance and Menora. Support for his election is also expected from the Sifra Foundation.

The Board of Directors’ Committee will recommend the list of directors for the convening of the general meeting of shareholders to be held in June. Today, the committee will discuss the list of directors and formulate the final list.

Aberkhan’s appointment as chairman of Shufersal, if it does happen, could lead to far-reaching changes in the map of business companies, not only in Shufersal but in the IEC as well as in the Azrieli Group. , To the position of CEO of the network.

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Ofer Bloch (Photo: Hadas Porush Flash 90)

Abercrombie, for his part, does not see Bloch as a suitable manager for the position, and it is likely that upon his election as chairman he will aspire to appoint a professional CEO. The possibility of appointing Uri Kizelstein, former deputy CEO of Shufersal, is on the table. Kizelstein retired from Shufersal in favor of the position of CEO of Azrieli Malls.

At the beginning of the year, he retired from Azrieli after realizing that he had a reasonable chance of being elected CEO of Shufersal by Wadmani (a position for which Bloch was elected). Kizelstein could no longer return to Azrieli, .

Another question is Bloch’s expected future, which could remain bald from here and there. The IEC board of directors has already selected Meir Spiegler as his replacement as CEO, although the appointment has not yet been finally approved. Despite this, it is highly doubtful whether Bloch will be able to return to his previous position.

At the same time, the IEC does not rule out the possibility that Bloch will return, but this time in the position of chairman of the board in place of Dov Bahrav, who retired with a slamming door.


Source: Maariv.co.il – כלכלה בארץ by www.maariv.co.il.

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