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Surprising retirement: Israel Post CEO resigns | Israel Today

2022-02-27T15:24:07.602Z


Danny Goldstein has announced that he will retire in a few months: "In the coming months, we will complete together the readiness for issuance and privatization on the way" • The company's board of directors will appoint a replacement committee to appoint a replacement


At the end of seven years in office:

Israel Post CEO Danny Goldstein will retire in the coming months after completing the company's preparations for the IPO. Goldstein will remain in the coming months and accompany the company in preparations for the IPO, which includes 40% of the company's shares.

The incoming chairman, Mishael Vaknin, asked Goldstein to stay even after a new CEO arrives, in order to accompany the company in preparing for full privatization, when it comes to a sale of another 60%.

In the coming months, Goldstein will complete the formulation of the company's recovery plan and the preparations for the issuance of 40% of the shares of the Israel Post on the Tel Aviv Stock Exchange.


The board will appoint a replacement committee to appoint a replacement.

According to insiders, the reason for Goldstein's retirement is seven years of very hard work after making revolutions in the mail, recovery plans and structural change so he wants to finish the IPO.

As mentioned, the CEO of the postal company, Danny Goldstein, informed the incoming chairman of the company, Mishael Vaknin, of his intention to retire in a few months, after completing a seven-year term in office.

The company's board of directors will in the coming days appoint a search committee to appoint a replacement, in accordance with the rules of the Government Companies Authority.

As mentioned, Danny Goldstein took over as CEO of Israel Post in June 2015. Since then, Goldstein has led significant moves in Israel Post as part of a broad recovery program for the company. , Supply chain and mail and retail.

Israel Post Branch // Photo: Yehoshua Yosef,

Under Goldstein's leadership, significant agreements were signed between Israel Post and international trade giants, which launched the State of Israel in the field of international trade, and contributed significantly to lowering the cost of living for private consumers.

As part of its investment in technology and automation, Goldstein merged the postal operations centers and company headquarters, and established the online commerce center at the post office in Modi'in, where tens of millions of packages are sorted and distributed annually and hundreds of millions of letters.

In his previous positions, prior to his appointment as CEO of Israel Post, Goldstein served for five years as CEO of the Standards Institute and before that as CEO of Tadiran Consumer Products for a decade. Clalit Health Services, and led for 17 years various management positions in the military industry (IMI). Goldstein is an industrial and management engineer by profession from Ben Gurion University.

According to Mishael Vaknin, Chairman of the Israel Post: "I accepted Danny's request to retire from the position, after 7 years of unprecedented work and a revolution he led at the Israel Post.

I am full of appreciation for the moves that Danny has led in the areas of manpower, structural changes, mechanization and automation, with a vision years ahead, thanks to which Israel Post today leads the field of online commerce by international standards.

All this, while dealing with a difficult financial situation, significant regulatory constraints, a decline in the quantitative mail market and external events including the corona crisis.

I asked Danny to accompany the company on its way to the significant milestone of privatization, and to complete the company's preparations for the issuance of 40% of its shares on the stock exchange. "

Danny Goldstein, CEO of Israel Post: Message: "When I arrived at the post office nearly 7 years ago, I found a company in deep crisis, with objective difficulties of a changing market and economic losses, and a deep rift and crisis of trust within the organization.

We have gone through years of change and recovery, and it excites me today to look at the Israel Post, the people and the organization, and see a company that by adjusting the regulation and becoming owned by the public and investors, can take off and achieve.

"I thank the employees I meet for several years every week, all over the country, the managers and members of the management and the board of directors, and in the coming months we will complete together the readiness for issuance and privatization along the way."

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Source: israelhayom

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