Makhteshim Agan Deputy CEO, Mr. Chen Lichtenstein, Named President and CEO of China National Agrochemical Corporation (CNAC)

TEL-AVIV, Israel, June 10, 2013 /PRNewswire/ --

Makhteshim Agan Industries Ltd. ("MAI" or the "Company") and China National Agrochemical Corporation ("CNAC"), today announced the appointment of MAI's Deputy CEO, Chen Lichtenstein, as President & CEO of China National Agrochemical Corporation ("CNAC"), the agrochemical strategic business division of ChemChina, China's largest chemicals company.  In October 2011, CNAC completed the merger transaction with MAI.  

In his position as CNAC's President & CEO, Mr. Lichtenstein will be responsible for MAI's integration with ChemChina, and the development of MAI's infrastructure and activities in China.  In addition to his new appointment, Mr. Lichtenstein will continue to serve as Deputy CEO of MAI.  

Mr. Lichtenstein's role is meant to ensure the effective alignment of teams, resources and processes of CNAC and MAI. This is to improve the coordination, focus and pace of execution of MAI's and ChemChina's integration, as well as enable transition of know-how and best practices between the two organizations.  

Mr. Lichtenstein's appointment underscores MAI's and its shareholders' strong commitment to accelerating the creation of a solid platform in China as a basis for furthering MAI's growth and enhancing its global competitive position.

Mr. Lichtenstein was appointed Deputy CEO of MAI in 2012, following leading its Global Resources Division, which spans operations and R&D, and MAI's Corporate Development. He joined MAI's management in 2006, after serving as Executive Director of Investment Banking at Goldman Sachs in New York and London. Mr. Lichtenstein holds joint doctoral degrees from Stanford University's Graduate School of Business and School of Law, and B.Sc (Physics) and LL.B from the Hebrew University of Jerusalem.

About Makhteshim Agan

Makhteshim Agan Industries Ltd. is a leading manufacturer and distributor worldwide of crop-protection solutions and the largest off-patent player in the industry. The Company supplies efficient solutions to farmers that assist them in combating disease and increasing yields. In 2012, the Company's revenues were over $2.83 billion, and it is ranked seventh in the world in the overall agro-chemicals industry. The Company is characterized by its know-how, high-level technological-chemical abilities, expertise in product registration, and observance of strict standards of environmental protection, stringent quality control and global marketing and distribution channels.

For more information, visit us at http://www.ma-industries.com

About China National Agrochemical Corporation

China National Agrochemical Corporation (CNAC) is a wholly-owned strategic business division of China National Chemical Corporation (ChemChina), subordinate to the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, China. CNAC mainly engages in the management and operation of the agrochemical businesses of ChemChina, is the biggest pesticide production and sales corporation in China and the sixth biggest in the world.

For more information, visit us at http://agr.chemchina.com/nonghuaen/index.htm.

Contact:
Anna Wood
Communication Specialist
Email: [email protected]
Telephone: +972-73-232-1131

SOURCE Makhteshim Agan Industries Ltd