Tel Aviv Stock Exchange Loses Second Chief in as Many Months

  • Interim CEO Gal Landau-Yaari to step down by year end
  • Former head resigned in September citing health reasons

The acting chief executive officer of the Tel Aviv Stock Exchange resigned on Monday, the second time the head of Israel’s bourse has quit in two months.

Gal Landau-Yaari, 41, previously the deputy to former CEO Yossi Beinart, will continue in her role until the end of the year, according to an e-mailed statement, which didn’t say why she stepped down or name a replacement. Beinart, who had been on leave for health reasons since June, resigned in September.

Israel’s bourse again finds itself leaderless as it tries to revive trading volumes amid a dearth of initial public offerings. The exchange is poised to report its first loss in 30 years, local newspaper Calcalist reported last month, citing a presentation sent to members of the board.

The exchange is experiencing a “challenging and complex time,” Amnon Neubach, TASE chairman, said in the statement.

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