Zoller to continue to serve the company until a
replacement has been announced
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty
minerals company, today announced that Raviv Zoller, the company's
president and CEO for the past seven years, is expected to leave
the company in early 2025, following both the appointment of a
replacement and a formal transition.
In a letter to the company's employees, Zoller wrote, “I feel
great pride, mixed with sorrow, as I announce my expected
retirement from the position as president and CEO of ICL. Over the
past seven years at this amazing organization, I have come to know
our employees who give their heart and soul to the company.
Together, we have turned ICL into an outstanding employer, a
company that strives for innovation, and a place where everyone can
influence success. We have nurtured our internal and global
partnerships, as we have dealt with significant external
challenges. Regardless, we have focused on continuous learning and
improvement and can be proud of the strength of the company, which
functions as a well-oiled machine – innovative, very profitable,
robust, and focused, which generates consistently strong cash
flow.
“Since taking office, I have been involved in all strategic and
long-term planning, including succession planning for my role, and
I will be parting ways with an even stronger company than the one I
joined seven years ago. I am leaving the board of directors with a
talented and strong management team, a solid organizational
structure, and a promising five-year plan. I expect the selection
and transition processes will be quick and will be completed by the
release of our annual financial statements.
“Most of all, I want to thank my family – especially my wife
Miri – who has supported me and helped me meet the very challenging
demands of this role. May I know how to support her with the same
total dedication."
"During Raviv's tenure, ICL has enjoyed unprecedented success
across its key operations. The company's exceptional management
team and employees – who have been the foundation of ICL’s success
for decades – have led significant disruption in the company's
approach to innovation and sustainability. Under Raviv's
leadership, the company has successfully executed against its
strategy and significantly increased the profitability of its
products,” said ICL Chairman, Yoav Doppelt.
“Upon joining the company, Raviv quickly turned ICL into his
second family, as strong relationships have always been highly
regarded by all employees around the world. Despite the significant
challenges and global crises during his tenure, he was able to lead
the company wisely and calmly, while safeguarding its employees and
assets. ICL's managers and employees have continued to build and
develop the company on the basis of Raviv's initiatives, and as new
technologies continue to proliferate, the company will maintain its
focus on growing its product offerings around the world. The
company's Board of Directors thanks Raviv for seven years of joint
work and mutual appreciation, and I personally wish him success and
prosperity in his future endeavors."
About ICL
ICL Group is a leading global specialty minerals company, which
creates impactful solutions for humanity's sustainability
challenges in the food, agriculture and industrial markets. ICL
leverages its unique bromine, potash and phosphate resources, its
global professional workforce, and its sustainability focused
R&D and technological innovation capabilities, to drive the
company's growth across its end markets. ICL shares are dual listed
on the New York Stock Exchange and the Tel Aviv Stock Exchange
(NYSE and TASE: ICL). The company employs more than 12,000 people
worldwide, and its 2023 revenues totaled approximately $7.5
billion.
For more information, visit ICL's website at icl-group.com. To
access ICL's interactive CSR report, visit
icl-group-sustainability.com. You can also learn more about ICL on
Facebook, LinkedIn, YouTube, X and Instagram.
Forward Looking Statements
This announcement contains statements that constitute
forward‑looking statements, many of which can be identified by the
use of forward‑looking words such as “anticipate,” “believe,”
“could,” “expect,” “should,” “plan,” “intend,” “estimate” and
“potential,” among others.
Forward-looking statements appear in this press release and
include, but are not limited to, statements regarding the company’s
intent, belief or current expectations. Forward-looking statements
are based on management’s beliefs and assumptions and on
information currently available to management. Such statements are
subject to risks and uncertainties, and actual results may differ
materially from those expressed or implied in the forward-looking
statements due to various factors, including, but not limited to:
estimates, forecasts and statements as to management's expectations
with respect to, among other things, business and financial
prospects, financial multiples and accretion estimates, future
trends, plans, strategies, positioning, objectives and
expectations, general economic, market and business conditions,
supply chain and logistics disruptions, energy storage and electric
vehicle growth, the potential for new COVID-19 variants, global
unrest and conflict, governmental and regulatory requirements and
actions by governmental authorities, including changes in
government policy, changes in environmental, tax and other laws or
regulations and the interpretation thereof, and war or acts of
terror and/or political, economic and military instability in
Israel and its region, including the current state of war declared
in Israel and any resulting disruptions to our supply and
production chains. As a result of the foregoing, readers should not
place undue reliance on the forward‐looking statements contained in
this press release concerning the timing of the transaction, or
other more specific risks and uncertainties facing ICL, such as
those set forth in the “Risk Factors” section of its Annual Report
on Form 20-F filed on March 14, 2024, as such risk factors may be
updated from time to time in its Current Reports on Form 6-K and
other filings ICL makes with the U.S. Securities and Exchange
Commission from time to time.
Forward-looking statements refer only to the date they are made,
and the company does not undertake any obligation to update them in
light of new information or future developments or to publicly
release any revisions to these statements in order to reflect later
events or circumstances or to reflect the occurrence of
unanticipated events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241205598763/en/
Investor and Press Contact – Global Peggy Reilly Tharp
VP, Global Investor Relations +1-314-983-7665
Peggy.ReillyTharp@icl-group.com Investor and Press Contact -
Israel Adi Bajayo ICL Spokesperson +972-3-6844459
Adi.Bajayo@icl-group.com
ICL (NYSE:ICL)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
ICL (NYSE:ICL)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
