Show me an example Israel Real Estate News: President of Israel's Gazit-Globe resigns

Friday, June 12, 2009

President of Israel's Gazit-Globe resigns

TEL AVIV, June 10 (Reuters) - Israeli real estate investment company Gazit-Globe Ltd (GLOB.TA) said on Wednesday its president, Michael Bar Haim, was stepping down.

He has held the position since January 2008.

Bar Haim will remain president for a period to be agreed upon with the company, Gazit-Globe said in a statement, adding that the board will announce a temporary replacement in the coming days.

The company did not provide further details.

Gazit-Globe operates in the United States through Equity One Inc (EQY.N), in which it owns 40 percent, and in Canada through 54 percent-owned First Capital Reality Inc (FCR.TO). It is also the largest shareholder in Finland's Citycon (CTY1S.HE) and last year it took over Atrium European Real Estate (ATRV.VI).