Ami Erel, 63, is a close associate of IDB chairman Nochi Dankner.
Ami Erel is to replace Avraham Bigger as chairman of Makhteshim Agan Industries Ltd. (TASE: MAIN). He is the president of its indirect parent company, Discount Investment Corporation (TASE: DISI).
The appointment takes effect from January 1 2011.
Erel, 63, is considered a close associate of IDB chairman Nochi Dankner. The two men have worked together for many years. Erel is involved in the negotiations to sell Makhteshim to China National Chemical Corporation (ChemChina), and was also involved in the related settlement with Makhteshim's workers.
Erel holds executive positions in several Discount Investment subsidiaries, including chairman of Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL).
Published by Globes [online], Israel business news - www.globes-online.com - on November 25, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010