Shlomo Eliahu, who owns 9.6% of Leumi, named David Klein as his choice.
Shlomo Eliahu has named former Governor of the Bank of Israel David Klein as his preferred candidate for chairman of the board at Bank Leumi (TASE: LUMI). Eliahu, who owns 9.6% of Leumi, held a press conference this morning with PR man Rani Rahav.
Eliahu said he will work to hold a board of directors meeting immediately in order to bring about the appointment of Klein as of May, when current chairman Eitan Raff's term expires.
The government owns an 11.5% stake in Bank Leumi, but is not a controlling core. In effect, the private investor with the largest stake, Eliahu, has a veto on any candidate for the valued position as chairman.
Published by Globes [online], Israel business news - www.globes-online.com - on January 11, 2010
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