YAVNE, Israel, Jan. 27, 2020 /PRNewswire/ -- G. Willi-Food
International Ltd. (NASDAQ: WILC) (the "Company"
or "Willi-Food"), a global company that specializes in the
development, marketing and international distribution of kosher
foods, announced today that its Board of Directors has approved the
appointment of Mrs. Einat Peled
Shapira as the Company's new CEO, effective as of
March 21, 2020.
Mrs. Peled Shapira, age 42, has
over 18 years of experience in the food industry. For the past 14
years, she has held several senior positions at Osem-Nestle, one of
the largest food manufacturers and distributors in Israel, most recently since 2018 as Business
Unit Manager of "Bonjour", a leading fresh baked goods company
in Israel. Mrs.
Peled Shapira has significant
experience in all aspects of the food retail industry, including
marketing, sales, operation and finance.
Mrs. Peled Shapira holds an BA in
Business Administration with a specialization in information
systems from the College of Management Academic Studies in Rishon
LeZion, Israel and an MBA with a
specialization in marketing from the Peres Academic Center in
Rehovot, Israel.
The proposed terms of office of Mrs. Peled-Shapira are similar
to those of the Company's current CEO and will be presented to
shareholders for approval at the next shareholders
meeting.
ABOUT G. WILLI-FOOD INTERNATIONAL LTD.
G. Willi-Food International Ltd. (http://www.willi-food.com) is
an Israeli-based company specializing in high-quality,
great-tasting kosher food products. Willi-Food is engaged directly
and through its subsidiaries in the design, import, marketing and
distribution of over 600 food products worldwide. As one of
Israel's leading food importers,
Willi-Food markets and sells its food products to over 1,250
customers in Israel and around the
world including large retail and private supermarket chains,
wholesalers and institutional consumers. The Company's operating
divisions include Willi-Food in Israel and Gold Frost Ltd., a wholly owned
subsidiary which designs, develops and distributes branded kosher,
dairy-food products.
FORWARD LOOKING STATEMENT
This press release contains forward-looking statements within
the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our
future performance, such as statements regarding trends, demand for
our products and expected sales, operating results, and earnings.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied in those forward-looking
statements. These risks and other factors include but are not
limited to: monetary risks including changes in marketable
securities or changes in currency exchange rates- especially the
NIS/U.S. Dollar exchange rate, payment default by any of our major
clients, the loss of one or more of our key personnel, changes in
laws and regulations, including those relating to the food
distribution industry, and inability to meet and maintain
regulatory qualifications and approvals for our products,
termination of arrangements with our suppliers, loss of one or more
of our principal clients, increase or decrease in global purchase
prices of food products, increasing levels of competition in
Israel and other markets in which
we do business, changes in economic conditions in Israel, including in particular economic
conditions in the Company's core markets, our inability to
accurately predict consumption of our products and changes in
consumer preferences, our inability to protect our intellectual
property rights, our inability to successfully integrate our recent
acquisitions, insurance coverage not sufficient enough to cover
losses of product liability claims and risks associated with
product liability claims. We cannot guarantee future results,
levels of activity, performance or achievements. The matters
discussed in this press release also involve risks and
uncertainties summarized under the heading "Risk Factors" in the
Company's Annual Report on Form 20-F for the year ended
December 31, 2018, filed with the
Securities and Exchange Commission on March
27, 2019. These factors are updated from time to time
through the filing of reports and registration statements with the
Securities and Exchange Commission. We do not assume any obligation
to update the forward-looking information contained in this press
release.
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Company Contact:
G.Willi-Food International Ltd.
Yitschak Barabi, Finance Manager
(+972)8-932-1000
itsik.b@willi-food.co.il
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SOURCE G. Willi-Food International Ltd.