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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.

Visitors stand in front of a stock market ticker screen in the lobby of the Tel Aviv Stock Exchange.

Photographer: Rina Castelnuovo/Bloomberg

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.