Wanted: CEO for Tel Aviv Stock Exchange Fighting for Survival
- Plunging volumes and dearth of IPOs threaten bourse’s future
- Departing CEO Beinart was unable to reverse market’s decline
Visitors stand in front of a stock market ticker screen in the lobby of the Tel Aviv Stock Exchange.
Photographer: Rina Castelnuovo/BloombergThis article is for subscribers only.
Israel’s bourse is seeking a new chief executive officer after Yossi Beinart resigned for health reasons.
The Tel Aviv Stock Exchange announced his departure in a statement on Wednesday, the same day a senior Nasdaq OMX executive said it needed to reform quickly or it might cease to exist. The TASE board will meet on Thursday to appoint a search committee to find a replacement for Beinart.