Report of Foreign Issuer (6-k)
March 10 2017 - 4:27PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
6-K
REPORT OF A
FOREIGN ISSUER
PURSUANT TO RULE
13A-16
OR
15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
March 10, 2017
Commission File Number
001-36761
Kenon Holdings Ltd.
1 Temasek
Avenue
#36-01
Millenia Tower
Singapore 039192
(Address
of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule
12g3-2(b)
under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
March 9, 2017
Changes in ZIMs Senior Management
In accordance with the provisions of Section 4.03 of an Indenture entered into between ZIM Integrated Shipping Services Ltd. (the
Company
) and Hermetic Trust (1975) Ltd. on July 16, 2014 (the
Indenture
), the Company herby notifies as follows:
Eli Glickman has been nominated as CEO of the Company;
Guy Eldar, CFO, is leaving ZIM
ZIM
Integrated Shipping Services (ZIMs) Board of Directors has nominated Eli Glickman as President & CEO of the company effective July 1, 2017. Glickman will replace Rafi Danieli, current CEO, who last year advised that
he would be stepping down.
Guy Eldar, CFO, has requested to leave the company after four and a half years in this position. A replacement is yet to be
nominated.
Glickman, 55, was previously CEO of the Israel Electric Company. Before that, he was Deputy CEO of Partner Orange Cellular
Communication and previously managed Partner Oranges Customer Division. During 2003-2005 Glickman was CEO of Exel MPL, the logistics company. Before working in the business community Glickman was a Commanding Officer of the Israeli Navy
Special Operations Unit, and was also a missile ship commander and the Naval Attaché in Washington D.C. Glickman has a Master of Science in Financial Management from the University of Monterey (California) and is a graduate of Georgetown
Universitys International Executive Business Administration program.
Guy Eldar, 42, led ZIMs financial functions for the past four and a half
years. Eldar led the complicated restructuring of the companys debts in 2014, and in so doing improved Zims balance sheet and financial stability. Eldar decided to leave Zim for personal reasons.
Rafi Danieli led ZIM for the past 8 years. Before being appointed CEO, Danieli fulfilled various positions in ZIM, including CFO and Deputy CEO. As CEO,
Danieli led a successful operational reorganization which resulted in material improvements in Zims efficiency.
Rafi Danieli said: It has
been a privilege to lead Zim during the most difficult times the industry has ever faced. Through the combined efforts of management and our devoted employees, during these difficult times we improved our network, operating margins, efficiency and
customer service. For the last eight financial quarters, our operating margins have put us in the top tier of liner companies.
Eli Glickman said:
Despite challenges throughout the liner industry, Zim has continued to perform well relative to its peers. Zim is a dynamic and exciting company and I am looking forward to joining.
Yours sincerely,
ZIM Integrated Shipping Services Ltd.
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ZIM Integrated Shipping Services Ltd.
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www.zim.com
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P.O.B 1723 Haifa 3101601, Israel
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Cautionary Statement Regarding Forward-Looking Statements
The press release of ZIM Integrated Shipping Services (ZIM) includes forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements with respect to changes in ZIMs management team and the timing of such changes. These statements are based on current expectations or beliefs, and are subject to a number of risks and
uncertainties, which could cause future events to differ materially from those indicated in such forward-looking statements. Such risks include risks relating to ZIMs business, including those risks set forth under Risk
FactorsRisks Related to Our Interest in ZIM in the Annual Report on Form
20-F
for the year ended December 31, 2015 of Kenon Holdings Ltd. Except as required by law, Kenon undertakes no
obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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KENON HOLDINGS LTD.
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Date: March 10, 2017
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By:
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/s/ Yoav Doppelt
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Name:
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Yoav Doppelt
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Title:
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Chief Executive Officer
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