Eran Magor (Photo: Yaron Garzon)
Contempo Holdings reports today the appointment of Eran Magor to the position of CEO of the company. Eran serves today as the CFO of Aora Renew Israel, which announced today that in light of his appointment Magor will end his position on May 31, when he will assume his position as CEO of Contempo Holdings
Eran served as CFO at Baura for about three years, and before that he served as CFO at Allied Real Estate.
Eran holds a bachelor's degree with honors in business administration and accounting from the College of Management and a master's degree in business administration, with a specialization in financial management from Tel Aviv University. Yaakov Etrakchi,
owner and CEO of Aura, responded, "I thank Eran for his tenure at Aura and congratulate him on his advancement to the position of CEO." to the urban renewal market.
Eran is a first class professional, understands the urban renewal market and the financial and management challenges in the field.
Contefo is preparing for an IPO?
Contempo Holdings, owned by Shahar Raz, is one of the oldest companies in the field of urban renewal and is at the top of the BDI and D&B rankings.
The estimates are that the choice of Shahar Raz Baran Magor, who was the CFO of the Aora company, which is a publicly traded company, indicates his intentions to prepare for a future IPO of Contempo's holdings on the stock exchange. Contempo has completed and inhabited about 15 projects in the field of urban renewal
and the company has a backlog of about 30 Projects with more than 2,500 new housing units in various stages of planning, licensing and marketing. The company has dozens of projects with expected accumulated revenues of billions of NIS in Tel Aviv, Ramat Gan, Givatayim, Ramat Hasharon, Hod Hasharon, Herzliya, Ra'anana, Kfar Saba, Holon, Bat Yam and Ramla.
Shahar Raz, the owner of Contempo's holdings, said in response, "We have come a long way in the last 13 years, from strengthening within the TMA and demolition and construction of extensive complexes all over the country and we are on the way to a significant breakthrough that will position Contempo as one of the leaders in the field of urban renewal in Israel.
We have always dealt exclusively with urban renewal and we will continue to do so in the future, together with Eran as CEO who will steer the ship on the way to conquering new destinations."
Eran Magor, CEO of Contempo Holdings said: "I thank Shahar Raz for the trust and am excited for the challenges that await us together, with my joining a company that is in the midst of a significant leap forward.
I have no doubt that together we will bring it to the place it deserves at the top of the companies in the field."