ICL Announces CEO’s Resignation

TEL AVIV, Israel, September 9, 2016 /PRNewswire/ --

TA: ICL

ICL CEO, Mr. Stefan Borgas, asked the Board of Directors to accept his resignation from his duties as CEO and as member of the Board on a date to be agreed upon.

The Chairman of the Board, Mr. Johanan Locker, and the Board of Directors, accepted Mr. Borgas' request and will begin a search for a new CEO.

Mr. Borgas will be available to the Company to transfer his role in a proper way.

Mr. Borgas (52), who was nominated in September 2012, said today: "after four successful years of leading ICL through a historically dramatic downturn of the commodity industry, I feel that it is time for me to move the center of my life back to Europe. Therefore, I ask the BOD to support my request."

PRESS CONTACT                                                        
Gadi Ohana                                                                
Debby Communications
+972-3-5683000                                                        
[email protected]                                                                                                    

INVESTOR RELATIONS CONTACT
Limor Gruber
Head of Investor Relations, ICL
+972-3-684-4471              
[email protected]

SOURCE ICL

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