David Granot has been appointed acting chairman of Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) replacing Shaul Elovitch who is being investigated by the Israel Securities Authority. Granot, a former CEO of First International Bank of Israel (TASE: FTIN) is an independent director and his appointment creates an atmosphere of neutrality with all the other members of the board of directors being seen as close to Elovitch. RELATED ARTICLES Bezeq loses NIS 2b market cap in 4 days Did Communications Ministry chief try to help Elovitch? Bezeq CEO tries to lift employees' morale ISA questions Bezeq CEO Stella Handler Bezeq's board of directors is undergoing a tough time with the most difficult questions being asked about the quality of its work and whose interests they were promoting. Presumably, in light of the appointment, Elovitch will not be in a position to resume the chairmanship of Bezeq for some time and only when the dust has settled after the ISA investigation. Granot is the only person on the Bezeq board of directors not involved in the Bezeq-Yes merger. The ISA has barred Elovitch from entering Bezeq's offices for the next month. Elovitch insists that he is innocent of any wrongdoing and that the charges cagainst him would be proved to be completely groundless. Published by Globes [online], Israel business news - www.globes-online.com - on June 28, 2017 © Copyright of Globes Publisher Itonut (1983) Ltd. 2017
