Cellcom Israel Announces Change in Board of Directors
CELLCOM ISRAEL (CEL)
US:NYSE Investor Relations:
investors.cellcom.co.il
Company Research
Source: PR Newswire
NETANYA, Israel, Sept. 24, 2019 /PRNewswire/ -- Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced today that Mr. Sholem Lapidot has notified the Company of his resignation from office, following his resignation from office as CEO of our indirect controlling shareholder - Discount Investment Company Ltd., or DIC, and the nomination of a new CEO to DIC, effective September 23, 2019, and the Company's board of Directors elected Mr. Eran Saar, the new CEO of DIC, to serve as a director of the Company, as of September 24, 2019, until the Company's next general shareholders meeting.Mr. Saar has served as CEO of Equital Group and Isramco Negev 2 from 2012. From 2011 to 2012, Mr. Saar served as CFO of Equital Group; from 2006 to 2010, Mr. Saar served as CEO of Isal Amlat Investments and CFO of Kaman Holding and from 1997 to 2005, Mr. Saar served as Deputy Director Corporations Dept., Israel Securities Authority. In September 2019, Mr. Saar was nominated as CE
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