Plus500 announced that Asaf Elimelech, the company's Chief Executive Officer (CEO) has decided to step down from his role and accordingly he has tendered his resignation from the Board and the Company with immediate effect. Mr. Elimelech has a notice period of 12 months and will continue with the company in a transitional role alongside an Interim CEO until a permanent replacement is appointed, including retaining his role as a director of certain Group's subsidiaries. David Zruia, the Group's Chief Operating Officer (COO), will assume the role of Interim CEO alongside his day to day to responsibilities and will join the Board with immediate effect, until a permanent CEO is appointed.