The bank’s VP business division Smadar Zadik-Barber will replace David Granot.
First International Bank of Israel (TASE: FTIN1;FTIN5) CEO David Granot will leave his position in March. He will be replaced by VP business division Smadar Zadik-Barber. He will receive a severance grant of NIS 1.5 million plus salary for a three-month period to adapt.
The changeover will take place after the bank publishes it financial report for 2006.
Granot, 59, is one of Israel’s veteran bankers. He was appointed CEO of First International Bank in 2001. Prior to his present position, he served as CEO of Israel Discount Bank (TASE: DSCT), Union Bank of Israel (TASE: UNON), and Bank Leumi (UK) plc.
Published by Globes [online], Israel business news - www.globes.co.il - on January 14, 2007
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