The appointment in the holding tower is getting complicated? This is how the insurance commissioner responded

Ben Baruch’s appointment creates a problematic situation in Migdal Insurance’s corporate governance, as Ben Baruch will be high in the administrative hierarchy from Migdal Insurance’s CEO, Sagi Yogev, while Ben Baruch will continue to serve as CFO of the insurance company.

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Ben Baruch’s appointment takes place during a turbulent period at Migdal Holdings, against the background of Ron Tal’s resignation as CEO at the beginning of the month, and against the background of the confrontation between him and Migdal’s controlling shareholder, Shlomo Eliyahu, over Yogev’s appointment as CEO of Migdal Insurance.