Font Size: A A A
Go to:
×
Voyage Search
General Shipping Search
Please select a port in Israel
Please select a port overseas
Exports from Israel
Imports to Israel
Tools & Calculators
Currencies
Update date: 19.10.2019
Currency Rate % Change
USD 3.533 -0.338
EUR 3.9325 +0.145
GBP 4.5627 +0.671
100 JPY 3.2512 -0.239
Currency calculator
Calculators
length area vol. weight
cm
m
km
inch
foot
yard
mile
Clear
square cm
square m
square km
square inch
square yard
square mile
Clear
cc
litre
cubic m
cubic inch
cubic yard
gallon
Clear
kg
short ton
long ton
lb
oz
Clear
Volume Weight Calculator
Ports' Workplan

Zim's CEO Rafi Danieli to Step Down

Zim's parent company Israel Corporation plans to appoint Danieli chairman of Zim in place of Nir Gilad
06.07.14 / 09:45
Zim's CEO Rafi Danieli to Step Down
Photography: דורון גולן
Zim's CEO Rafi Danieli to Step Down

Zim CEO Rafi Danieli has indicated he wants to resign from his post once its US$3 billion restructuring plan has been implemented, a source at parent company Israel Corp said last week.

 

Israel Corporation plans to appoint Danieli chairman of Zim in place of Nir Gilad, CEO of Israel Corporation, who has also been serving as Zim chairman.

 

Danieli served as the Chief Executive Officer of Zim Integrated Shipping Services Ltd. from March 2009 to July 1, 2014. He served as a deputy Chief Executive Officer of Zim Integrated Shipping Services Ltd. He has held various positions at Zim for over 35 years.

 

Under the restructuring deal, Israel Corp’s near 100-percent stake in Zim will fall to 32 percent after a $1.4 billion debt-to-equity conversion agreement with creditors. Israel Corp shareholders have approved the restructuring of Zim but the fate of the government’s “golden share” is holding up implementation.

 

The golden share ensures that Zim will continue to operate ships in and out of Israel during times of emergency and also gives the government the power to approve any decisions that could affect the “Israeli identity” of the company.

 

×