Bank Leumi appoints four new directors

CPI up 0.5% in October as housing prices fall

The shareholders meeting also decided that former chairman Eitan Raff will receive a bonus of NIS 1.96 million.

Bank Leumi (TASE:LUMI) chose four new directors at last night's shareholders meeting.

Tsipi Samet was chosen as an external director and Amos Sapir, Adv. Miri Katz and David Avner were chosen as directors. Unsuccessful candidates were economist Shlomo Maoz, Adv. Moshe Gavish, Dr. Ra'anan Cohen, Reuven Kuvent, Miri Lent-Sharir, Eliezer Carmel, Eitan Levy, Dov Naveh, Yaron Kimchi and Yehoshua Ross.

Former Leumi chair lands Israel Corp. role

Outgoing Leumi chairman lands Morgan Stanley post

Bank Leumi names David Brodet chairman

Leumi board to vote for new chair

In addition, it was decided that those owning stocks on June 12 will receive an additional dividend of NIS 400 million from 2010 profits. The distribution will take place on June 28.

It was also decided that former chairman of the board, Eitan Raff, will receive a bonus of NIS 1.96 million and the current chairman, David Brodet, will receive a bonus of NIS 650,000.

Published by Globes [online], Israel business news - www.globes-online.com on May 25, 2011