Former Gov't Company Head Yanki Kuint Appointed NewMed Energy Chairman
Translated & summarized from Calcalist by baba
NewMed Energy has appointed Yaakov (Yanki) Kuint as its new chairman, replacing Niv Sarana who is now CEO. Kuint previously led the Government Companies Authority and the Israel Land Authority. The appointment places a significant figure in charge of the company, which holds a major stake in the Leviathan gas field. Delek Group, controlled by Yitzhak Tshuva, has recently brought in other senior figures for its subsidiaries.
The story in 5 lines · by baba
- Yaakov (Yanki) Kuint appointed chairman of NewMed Energy, a Delek Group subsidiary.
- Niv Sarana moves from chairman to CEO of NewMed Energy.
- Kuint previously headed the Government Companies Authority and Israel Land Authority.
- NewMed Energy is a major stakeholder in the Leviathan gas field.
- Delek Group is controlled by Yitzhak Tshuva.
NewMed Energy, controlled by the Delek Group, announced the appointment of Yaakov (Yanki) Kuint as its new chairman. Kuint replaces Niv Sarana, who has moved to become the CEO of NewMed. Sarana had served as chairman for only two months, succeeding Gabi Last, a former Deputy Commissioner of Police, who retired after a long tenure.
The position of NewMed chairman is considered significant within the Delek Group, which is controlled by Yitzhak Tshuva and managed by Idan Vells. Kuint, who holds degrees in law, political science, and business administration, was appointed Director of the Government Companies Authority in 2017 by then-Minister of Finance Moshe Kahlon. During his tenure, he advanced the privatization processes of Israel Post, Haifa Port, and other companies. In 2020, he was appointed Director of the Israel Land Authority, a role he held until 2025. He had considered forming an investment fund with Shlomi Heisler, former Director General of the Ministry of Finance, but ultimately accepted the chairmanship of NewMed, a major stakeholder in the Leviathan gas field.
This appointment follows a trend of Delek Group bringing in senior figures. In 2023, Yitzhak Tshuva recruited Dalia Zilber, former Director General of the Planning Administration, as Deputy CEO of Madrin, a company controlled by Tshuva. Zilber is leading initiatives to change the land use designation for the company's properties. Moshe Arbel, a former Interior Minister, was appointed chairman of Madrin this year.
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