Tel Aviv, Israel, September 8, 2016 - ICL (NYSE and TASE: ICL), today announced that ICL CEO, Mr. Stefan Borgas, asked the Board of Directors to accept his resignation from his duties as CEO and as member of the Board on a date to be agreed upon.
The Chairman of the Board, Mr. Johanan Locker, and the Board of Directors, accepted Mr. Borgas' request and will begin a search for a new CEO. Mr. Borgas will be available to the Company to transfer his role in a proper way.
Mr. Borgas (52), who was nominated in September 2012, said today: 'after four successful years of leading ICL through a historically dramatic downturn of the commodity industry, I feel that it is time for me to move the center of my life back to Europe. Therefore, I ask the BOD to support my request.'
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ICL is a global manufacturer of products based on specialty minerals that fulfill humanity's essential needs primarily in three markets: agriculture, food and engineered materials. ICL is a public company whose shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs approximately 13,000 people worldwide, and its sales in 2015 totaled US$5.4 billion. For more information, visit the company's website at www.icl-group.com.
ICL - Israel Chemicals Ltd. published this content on 08 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 September 2016 07:00:04 UTC.
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ICL Group Ltd, formerly known as Israel Chemicals Ltd, is an Israel-based company, which is engaged in the fertilizer and specialty chemical sectors. The Company operates in three segments: Fertilizers, Industrial Products, and Performance Products. The Fertilizers segment is engaged in the production of standard, granular, fine red and white potash from different sources, as well as in the production of phosphates, such as phosphate rock, phosphoric acid, fertilizers and animal feed addictives. The Industrial Products segment produces flame retardants, such as brominates and organ phosphorus, elemental bromine, and other chemicals. The Performance Products segment produces specialty phosphates, such as technical, food grade and electronic grade phosphoric acid, phosphate salts, food additives and wildfire safety products, as well as alumina and other chemicals.
ICL GROUP LTD 
