Mr. Yossi Beinart - New Tel Aviv Stock Exchange (TASE) CEO

TEL AVIV, Israel, October 31, 2013 /PRNewswire/ --

The Tel Aviv Stock Exchange (TASE) Board of Directors approved today (October 31, 2013) the appointment of Mr. Yossi Beinart as TASE CEO. Mr Beinart replaces Ms. Ester Levanon, who is leaving her post at the end of the year.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

Mr. Beinart brings extensive international and managerial experience in a competitive and highly regulated environment that requires an innovative and creative attitude as well as strategic planning and execution capabilities.

He has deep knowledge and understanding of trade and clearing, and serves as president and CEO of NADEX (The North American Derivatives Exchange).

Ester Levanon, current TASE CEO, announced mid July 2013 that she will leave at the end of the year, and immediately thereafter an executive search committee was formed chaired by Dr. Ron Malka, interim Chairman of the TASE Board of Directors. Other members of the committee were the External directors, Linda Ben Shoshan, Gitit Guberman, Itzhak Halamish and Bracha Litvak as well as Bank Hapoalim representative, Zeev Chayu, with Mr. Shurky and Ms. Koren as the ISA (Israeli Security Authority) observers.

The search committee received numerous applications of worthy candidates and conducted a rigorous, comprehensive and impartial selection process under the professional guidance of the human resources recruitment company, "Emda" and legal counsel of Adv. Ariella Lahav.

With the board's approval of the appointment, Dr. Ron Malka thanked the committee members, Adv. Lahav and the "Emda" team, stating: "On behalf of the Board I wish Mr. Beinart the greatest success and believe that he brings a new vision and the requisite experience and skills to cope with the great challenges TASE is facing. TASE's board of directors, executive staff and employees will be providing the professional and personal support required to propel TASE forward through the anticipated changes under the leadership of its new CEO."

With the announcement of his appointment Mr. Beinart remarked: "I thank the TASE board for the vote of confidence. TASE is a central and significant pillar of Israel's capital market and economy, and I believe that together with the TASE staff, its management and board of directors, we will successfully handle the challenging missions ahead."

Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il

For more information please contact:
Idit Yaaron or Orna Goren, TASE, +972(3)5677-405/6

SOURCE Tel Aviv Stock Exchange Ltd