Tel Aviv Stock Exchange Approves Retention Bonus for CEO
Translated & summarized from TheMarker by baba
Tel Aviv Stock Exchange shareholders approved a NIS 3.5 million retention bonus for CEO Itay Ben Ze'ev, contingent on his continued service until June 2028. The meeting also approved equity compensation for Chairman Eugene Kandel and new directors. Ben Ze'ev has led the exchange since 2017, overseeing a 2,500% stock increase and a market value jump to NIS 14.5 billion.
The story in 5 lines · by baba
- TASE shareholders approved a NIS 3.5 million retention bonus for CEO Itay Ben Ze'ev.
- The bonus is conditional on Ben Ze'ev remaining CEO until June 2028.
- Equity compensation was also approved for Chairman Eugene Kandel.
- Ben Ze'ev has been CEO since 2017, leading to significant stock growth.
- The company's market value has reached approximately NIS 14.5 billion.
Shareholders of the Tel Aviv Stock Exchange (TASE) approved a NIS 3.5 million retention bonus for CEO Itay Ben Ze'ev on Monday. Ben Ze'ev will receive the bonus only if he continues in his role until June 2028. The shareholders' meeting also approved equity compensation for Chairman of the Board Eugene Kandel and the appointment of new directors.
Ben Ze'ev has served as TASE CEO since 2017. During his tenure, the stock price has risen approximately 2,500%, and the company's market value has surged to about NIS 14.5 billion. These gains are attributed, in part, to Ben Ze'ev's initiatives that attracted foreign investors to the local exchange.
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