Home / Knowledge / News / Apparel/Garments / Elbit names Dudi Machluf & Ran Shtarkman Co-CEOs
Elbit names Dudi Machluf & Ran Shtarkman Co-CEOs
28
Dec '09
Elbit Imaging Ltd. announced that it has named Ran Shtarkman and Dudi Machluf co-CEOs of the Company, replacing Shimon Yitzhaki, who has been promoted to Chairman of the Board of Directors. Mordechay Zisser, the current Chairman of the Board, has been named Executive President of Elbit Imaging. Both Shimon Yitzhaki and Mordechay Zisser respectively, have served as CEO and Chairman of the Board of Directors for the past 11 years.

All of the appointments are effective January 1, 2010.

These appointments are part of an overall Company reorganization aimed at improving management efficiency throughout the Company's branches.

Machluf has served as Elbit Imaging's Chief Financial Officer (CFO) since 2006 and served in a number of executive financial roles upon joining Elbit Imaging in 2003.

Shtarkman has served as CEO of Plaza Centers N.V., the Company's subsidiary, since Plaza's Initial Public Offering on the London Stock Exchange in 2006. Shtarkman joined the group in 2002. He will continue to serve as CEO of Plaza.

Machluf and Shtarkman lead the Company's young executive leadership team, playing key roles in guiding the group to its current position of strength.

As co-CEOs, the two will divide responsibilities for Elbit Imaging's most important geographical markets around the world (including Europe, India and the US), based on their individual knowledge, experience and expertise.

Mr. Mordechay Zisser, commented: "I am very pleased and enthusiastic about the new appointments that we announced today. It has been over a decade since we purchased Elbit Imaging - Elscint and during this period the group has grown and expanded not only in its fields of activity, but in the scope of the projects we have initiated. Today, the group is active in a number of countries around the world, with the majority of the Company's activities undertaken through the collaborative efforts of Elbit Imaging and Plaza Centers. Unlike many large companies, the financial crisis created new opportunities for Elbit Imaging to expand its businesses around the world, requiring the Company to take full advantage of its expertise in the financial, legal and engineering fields and to streamline our organizational structure, leading to our decision to appoint co-CEOs."

"When the decision was made to appoint co-CEOs, the natural and obvious choices were Dudi and Ran," said Zisser.

"Each has many diverse gifts and talents, a deep familiarity with the Company and a strong desire to help the Company achieve its multi-faceted goals. We have been grooming them for this position for a long time and have equipped them as best as possible to meet the challenges and opportunities that will arise in the future. Nevertheless, I and Shimon Yitzhaki will remain actively involved as much as possible and as much as needed.

"I strongly believe that the collaboration between Ran and Dudi will create a reality where the sum is truly greater than the individual parts and I wish them much luck and success in this new and challenging endeavor."

Elbit Imaging Ltd


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search