ICL Group Announces Promotion Of Four Senior Managers
December 01 2003 - 2:54AM
PR Newswire (US)
ICL Group Announces Promotion Of Four Senior Managers TEL AVIV,
Israel, Dec. 1 /PRNewswire-FirstCall/ -- The Board of Directors of
Israel Chemicals Ltd. ("ICL" or the "ICL Group") , a global
fertilizer and chemical company, today announced that it will
promote four of its senior managers effective January 1, 2004. *
Mr. Shuki Gold, currently President and CEO of ICL Fertilizers,
will be promoted to the position of Executive Vice President of the
ICL Group. * Mr. Asher Grinbaum, currently President and CEO of ICL
Industrial Products, will be promoted to the position of President
and CEO of ICL Fertilizers, taking the place of Mr. Shuki Gold. The
revenues of ICL Fertilizers in 2002 totaled approximately $1
billion. * Mr. Yossi Shahar, currently President and CEO of ICL
Performance Products, will be promoted to President and CEO of ICL
Industrial Products, taking the place of Mr. Asher Grinbaum. The
revenues of ICL Industrial Products in 2002 totaled approximately
$600 million. * Mr. Itzik Peretz, currently VP of the ICL Group and
previously President and CEO of Dead Sea Periclase Ltd., will be
promoted to the position of President and CEO of ICL Performance
Products, taking the place of Mr. Yossi Shahar. The revenues of ICL
Performance Products in 2002 totaled approximately $450 million.
Commenting on the appointments, Akiva Mozes, President and CEO of
the ICL Group, said, "These appointments are proof that we have
first-class managers throughout the ICL Group, and that they can
rise through the ranks to achieve the very highest positions." Mr.
Yossi Rosen, Chairman of the Board of Directors, added, "We have
complete confidence in the ability of each of these managers to
further enhance the efficiency of their companies, driving
continued improved performance for the entire ICL Group." About the
ICL Group ICL is a global company and major player in world
fertilizer and chemical markets. It is the world's largest supplier
of elemental bromine, a major producer of potash, and one of the
world's most integrated manufacturers and suppliers of phosphate
products. Over 90% of ICL's sales and about 40% of its production
are outside of Israel. ICL has an exclusive concession to extract
minerals from the Dead Sea, one of the world's most concentrated
source of potash, bromine, magnesium and salt, and rights to mine
the rich minerals of Israel's Negev Desert. Through acquisitions
and mergers, ICL has added production, marketing and logistics
facilities in key international markets. In addition, ICL mines and
manufactures potash in England and Spain, and operates production
sites in many countries, including the U.S., Germany, Belgium,
France, Holland, China, Austria, Cyprus, Australia, Brazil,
Argentina, the U.K., and Turkey. ICL benefits from important
logistical advantages. Its production facilities have convenient
access to European and Far Eastern markets. Its facilities on the
European continent are located near major transportation routes. An
advanced logistics network, with modern warehouses in strategic
locations, serves customers worldwide. ICL is a public corporation
whose shares are traded on the Tel Aviv Stock Exchange (TASE:CHIM).
Its main shareholder (53%) is The Israel Corporation Ltd., a
publicly-traded company controlled by the Ofer Group. The remaining
equity is held by Potash Corporation of Saskatchewan (9%),
institutional investors, and the general public. For more
information, please visit ICL's web site at
http://www.icl-group.com/. Contact Amiram Fleisher Fleisher
Communications and Public Relations Phone: 972-3-6241241 E-mail:
DATASOURCE: Israel Chemicals Ltd. CONTACT: Amiram Fleisher of
Fleisher Communications and Public Relations, +972-3-6241241, or ,
for Israel Chemicals Ltd.
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