The bank's former CEO will receive a monthly salary of NIS 35,000 to continue as chairwoman of Bank Leumi Switzerland.
Former Bank Leumi (TASE: LUMI) CEO Galia Maor will continue to serve as a director as well as chairwoman of subsidiary Bank Leumi Switzerland, after her terms, which were due to expire on January 31, were extended, the bank announced today.
From February 1, Maor has received a monthly salary of CHF 8,333 (NIS 35,000) as Bank Leumi Switzerland chairwoman, as well as CHF 1,500 compensation for attending each board meeting. Until now, Maor was not compensated for her position at the bank.
Published by Globes [online], Israel business news - www.globes-online.com - on February 21, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013