The government appointments committee headed by Adv. Margalit Nof has submitted a list of new candidates for the board of directors of Bank Leumi (TASE:LUMI).

The committee interviewed 30 candidates who applied to sit on the bank's board of directors. The list includes: David Brodet, a former director general of the Ministry of Finance and chairman of Mizrahi Tefahot Bank (TASE:MZTF); Dr. Ehud Shapira, chairman of Israel Phoenix Assurance Ltd. (TASE:PHOE1; PHOE5); Yehuda Drori who was supervisor of insurance companies in the 1980s; Yoav Nerdi, a former Deputy CEO at Bank of Jerusalem (TASE:JBNK), and Moshe Dovrat, who currently serves as a director of Bank Leumi.

The committee wrote, "It is important that the board of directors includes personalities with experience and seniority and of course personal capabilities, education and a proven track record."

The candidates must now be approved by the shareholders and the Bank of Israel.

Published by Globes [online], Israel business news - www.globes-online.com - on April 12, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010