Melisron CEO Ofir Sarid Steps Down Due to Illness
Real estate company Melisron announced that its CEO, Ofir Sarid, will be leaving his position effective September 24, 2026, due to medical reasons. Sarid had initially taken a medical leave of absence earlier in September. The company has initiated a search for a new CEO and has appointed Oren Hilinger, the company's CFO, to serve as acting CEO in the interim.
Sarid has led Melisron since late 2019, succeeding Avi Levy. Prior to his tenure as CEO, he served as the company's CFO for eight years, overseeing financial and business operations and managing relations with the capital market and shareholders. Before joining Melisron, he held the position of CFO at 013 Netvision.
During Sarid's leadership, Melisron expanded its operations beyond its traditional core businesses of malls and offices. A significant move was its entry into the residential sector through Aviv Initiative. In 2022, Melisron acquired a 50% stake in Aviv Initiative for approximately NIS 600 million, and in 2024, it purchased the remaining shares for NIS 1.25 billion, making Aviv Initiative the group's residential arm.
Melisron has continued to grow its residential business in recent years, alongside its mall and office portfolios. Notably, Aviv Melisron won a tender in 2025 to build 320 apartments in Tel Aviv's Shdema area for approximately NIS 605 million.
