Sunday, Elbit Imaging Ltd. (EMITF) said that it has named Ran Shtarkman and Dudi Machluf co-chief executive officers 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. All of the appointments are effective January 1, 2010.
As co-CEOs, the two will divide responsibilities for Elbit Imaging's markets around the world (including Europe, India and the US), based on their individual knowledge, experience and expertise.
These appointments are part of an overall Company reorganization aimed at improving management efficiency throughout the Company's branches.
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