Alon Blue Square Announces Resignation of David Wiessman as Director

Jul 09, 2015, 11:19 ET from Alon Blue Square Israel Ltd

YAKUM, Israel, July 9, 2015 /PRNewswire/ --

Alon Blue Square Israel Ltd. (NYSE: BSI) (hereinafter: the "Company") announced today the resignation of David Wiessman as a member of the Company's board of directors effective immediately, due to his disagreement with the decisions of the board of directors.  Mr. Wiessman served as a director of the Company since 2003 and as Executive Chairman of the Board of Directors from November 2005 until January 2013.  He also served as the Company's Chief Operating Decision Maker from April 2011 until March 2015 and as Chief Executive Officer from January 2013 until March 2015.

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Alon Blue Square Israel Ltd. (hereinafter: "Alon Blue Square") operates in four reportable operating segments and is the largest retail company in the State of Israel. In the Fueling and Commercial Sites segment, Alon Blue Square through its 71.17% subsidiary, which is listed on the Tel Aviv Stock Exchange ")TASE"), Dor Alon Energy in Israel (1988) Ltd is one of the four largest fuel retail companies in Israel based on the number of petrol stations and a leader in the field of convenience stores operating a chain of 212 petrol stations and 219 convenience stores in different formats in Israel. In its supermarket segment, Alon Blue Square, as a pioneer in the modern food retail, through its 100% subsidiary, Mega Retail Ltd., currently operates 192 supermarkets under different formats, each offering a wide range of food products, "Near Food" products and "Non-Food" products at varying levels of service and pricing. In its "Houseware and textile" segment, Alon Blue Square, through its TASE traded 77.51% subsidiary, Na'aman Group (NV) Ltd. operates specialist outlets in self-operation and franchises and offers a wide range of "Non-Food" products as retailer and wholesaler. In the Real Estate segment, Alon Blue Square, through its TASE traded 61.19% subsidiary Blue Square Real Estate Ltd., owns, leases and develops income producing commercial properties and projects. In addition, Alon Blue Square through its 100% subsidiary, Alon Cellular Ltd, operates an MVNO network in Israel, through Diners Club Israel Ltd., an associate held at 49%, which operates in the sector of issuance and clearance of YOU credit cards to the customer club members of the group and through Dr. Baby Marketing and Distribution 888 Ltd. 100 % held subsidiary as a retailer and wholesaler in the baby products sector.

Contact: Alon Blue Square Israel Ltd. Elli Levinson-Sela, Adv, General Counsel and Corporate Secretary Telephone: +972-9-9618504 Fax: +972-9-9618636 Email: ellils@alon-oil.co.il

SOURCE Alon Blue Square Israel Ltd