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The third to leave within two years: The CEO of the Zappa Group has resigned

Towards a collapse?

Zappa Group CEO Uzi Biroti announced his resignation on Thursday. A few days earlier, the group's CFO resigned.

Industry sources: "This comes against the background of economic difficulties in the company."

This is the third CEO to be replaced in the Zappa Group within two years. First publication

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• Zappa

Sagi Ben Nun

Monday, 18 October 2021, 10:20 Updated: 10:24

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Inauguration of the Zappa Club Beer Sheva, in the presence of Minister of Culture Hili Trooper and Moshe Edri, June 24, 2020 (PR)

First publication: Zappa Group CEO Uzi Biroti announced his resignation on Thursday. A few days before, the group's CFO resigned - Walla learned!

culture.

Industry sources estimate that the resignation is against the background of allegations of "an unresolved economic problem in the company, against the background of unpaid payments to suppliers and liquidity problems."

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Leaving.

Beirut (right) with Minister of Culture Hili Trooper and Assaf Moore, Zappa's VP of Marketing, at the launch of the Zappa Club in Tel Aviv (Photo: Niv Aharonson)

This is already the third CEO to be replaced by the Zappa Group within two years. Moshe Halevi, who was the CEO of Zappa until December 2019, was replaced this month by Shai Butzer, and Calcalist reported that this was due to disagreements between him and owner Golan Einat.

In May 2020, Shai Butzer ended his position at the end of only five months, and it was announced that this was in light of the group's financial difficulties following the spread of the corona.

A number of vice presidents have also been replaced in the past two years.

Harel Wiesel recently negotiated to enter as a partner

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