Among those who stand out in the protest against the consequences of the legal revolution: Uri Levin, first from the left, among the CEOs of the largest banks in Israel, at the joint assembly with the Histadrut after the firing of Galant (Photo: Yehats)
Uri Levin, CEO of the Discount Group, informed the bank's board of directors this morning of his decision to retire from his position. Levin will be appointed CEO of the Tidhar Real Estate Group. Levin,
who is considered one of the most prominent figures in the group of businessmen and CEOs, the senior members of the economy, cheered against the legal revolution and warned Because of its consequences, he will hold his position at Discount Bank until a replacement is chosen and an overlap is made.
In the past decade, he held senior management positions in the Discount Group, including CFO and head of the planning and strategy division and CEO of Discount New York. In July 2019, he was elected by the board of directors to the position of CEO of the group. During his tenure, Levin led strategic changes that created significant value and led to a doubling of
net profit (from -1.7 billion shekels in 2019 to 3.5 billion shekels in 2022) and a record return on equity (from 9.4% in 2019 to 15.1% in 2022) as well as record profits in all subsidiaries.
Levin against the background of the bank logo that he led to fantastic achievements (Photo: Jerusalem Post)
"The heart will remain green"
Uri Levin, CEO of the Discount Group
, said: "The last professional decade of my life was entirely devoted to the wonderful journey that the Discount Group went through until it became a powerful and dominant body that challenges the financial system in Israel.
We built growth engines, streamlined the group and presented unprecedented results compared to where Discount was just a decade ago.
I am proud and happy that I had the privilege to take part in this fascinating journey.
I would like to thank the bank's chairman, Shaul Kobrinsky, and the bank's board of directors, for their support and backing along the way. I would also like to thank the bank's management, which is one of the best, strongest and most professional in the Israeli economy today. I am convinced that the management, along with the CEO who will be elected By the board of directors, they will know how to continue marching the group to significant achievements.
Another thank you, and the biggest of all, goes to all the employees of the Discount Group.
Each and every one of them made a significant contribution in making Discount one of the strongest financial institutions in the Israeli economy.
On a personal level, I'm leaving home.
Although I will finish my position in the coming months and turn to a new professional challenge, my heart will always, always remain green."
Shaul Kobrinsky, Chairman of the Discount Board of Directors
, said: "Uri Levin led Discount with excellence during very complex times, including during the Corona crisis and during the crisis Global financial. On behalf of the entire Discount family, I would like to thank him for his significant and long-term contribution to the group and wish him success in his next journey. I am convinced that the CEO appointed by the board of directors, together with the excellent management of the bank, will continue the momentum of growth the group is in with the help of innovation, Creativity and adaptation to the changing global financial reality."
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