Carrefour Israel's Top Executives Set to Depart Amid Leadership Overhaul

Carrefour Israel is undergoing significant leadership changes as two senior executives are expected to leave their positions in the coming weeks. Mai Shahar, the Chief Financial Officer and Vice President of Economics and Control since January 2024, and Yevgeny Kotkovnik, Head of Information Systems with nearly 30 years of retail IT experience, will both step down. These departures follow a series of management shifts announced in May, including the appointment of Inbal Harson, former Vice President of Trade at Central Bottling Company, as the new CEO starting August. Industry sources suggest Harson may make further key appointments upon assuming her role.

These executive changes may signal Carrefour Israel's preparation for a potential initial public offering (IPO) as a separate entity on the Tel Aviv Stock Exchange, independent from its parent company, Electra Consumer Products. Electra also owns other retail brands such as Mahsanei Hashmal, Sackim Electric, and Columbia. Carrefour declined to comment on the details of the leadership changes. The restructuring comes amid broader shifts in the Israeli retail sector and investor interest in the company’s future direction.