Daily News: July 2, 2019

Bank Leumi President and CEO Russak Aminoach to Retire

Rakefet Russak Aminoach, president & CEO of Bank Leumi, will retire after seven years in the position and a total of 15 years with the Leumi Group.

Russak Aminoach will end her tenure in the next few months. Leumi’s board of directors will make a decision regarding the appointment of a new president and CEO for the Bank, and an orderly handover process will be completed.

“I am deeply saddened by Rakefet’s announcement of her desire to retire from the bank. Throughout her years at Leumi, and especially in her capacity as president and CEO, Rakefet has demonstrated superb strategic vision, high managerial capabilities, excellent decision-making skills as well as execution and implementation abilities of the highest order. She has led Leumi to new achievements in Israeli banking and served as a role model in global banking as well,” said David Brodet, chairman of Leumi.