Ehud Danoch, the outgoing CEO of Solel Boneh, has been appointed CEO of Ackerstein Industries

by time news

Ackerstein Group Reported to the stock exchange today the appointment of Ehud Danoch To the CEO of the subsidiary Ackerstein Industries. Danoch announced only yesterday his resignation from his position as CEO of Solel Boneh, where he has served since 2016.

As part of his role in Solel, a builder from a group Housing and Construction , Danoch led the establishment of huge national projects alongside a wide range of projects in various areas of activity. Prior to that, he served for 4 years as CEO of Shaham Mekorot, a subsidiary of the Mekorot National Water Company.

Giora Ackerstein, Chairman of the Ackerstein Group, stated: “I congratulate Ehud on his appointment as CEO of Ackerstein Industries and I am proud to add one of the group’s top and most respected executives in its field to its senior management. Its joining is an important stone in our strategy to deepen the group’s engineering sector and enter other areas in the world of infrastructure along with further strengthening and consolidating industrial activity in Israel and the US and establishing our leading position in manufacturing and supplying concrete products for environmental development, construction and infrastructure. “News alongside the replacement of existing infrastructure and we believe that Danoch, together with the group’s managers, will know how to take us forward and be part of this welcome momentum of national projects.”

The date of Danoch’s entry into office will be agreed between the parties in the near future.

The Ackerstein Group, which is controlled by the Ackerstein family (74%), is considered the largest and leading company in Israel in the development, production and supply of concrete products for environmental development, construction and infrastructure. Along with the traditional industrial activity, the Ackerstein Group holds income-producing real estate for offices in the industrial area of ​​Herzliya Pituach, as well as land for industrial activity that mainly serves the group’s activity.

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The group, which is managed by CEO Doron Sela, is traded on the stock exchange at a market value of more than NIS 1 billion, having lost about 14% since the beginning of the year. At this time, the stock is trading at a 3% increase.

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