Africa Israel Board Okays Novogrocki CEO Appointment

(Corrects name of company in first paragraph in story first published yesterday.)

Africa Israel Investments Ltd. (AFIL)’s board approved today the appointment of Avraham Novogrocki to chief executive officer, the company said in an e-mailed statement.

Novogrocki, who has served as CEO of Africa Israel Industries Ltd. (AFID), replaces Izzy Cohen, whose resignation was announced on June 27.

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

To contact the editor responsible for this story: Calev Ben-David at cbendavid@bloomberg.net

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