Plaza Centers N.V. RETIREMENT OF CHIEF EXECUTIVE OFFICER (5291B)
January 11 2018 - 3:00AM
UK Regulatory
TIDMPLAZ
RNS Number : 5291B
Plaza Centers N.V.
11 January 2018
11 January 2018
PLAZA CENTERS N.V.
RETIREMENT OF CHIEF EXECUTIVE OFFICER
Plaza Centers N.V. ("Plaza" or the "Company"), announces that
the CEO, Dori Keren will retire from his position at the end of
March 2018.
Dori Keren, CEO of Plaza, said: "I am pleased to have devoted 11
years to Plaza, which offered a unique real estate platform
focusing on retail development in CEE and the region's investment
market. The Global Financial Crisis impacted on the Company's
business strategy, meaning that recent years have been dedicated to
implementing a demanding debt restructuring and repayment
programme, which brought a very different set of challenges for the
Group's management to overcome. I want to express my gratitude to
the management and all of my colleagues at Plaza, while I also want
to thank the Board for giving me the opportunity to take the helm.
I wish them all the very best for the future."
Ron Hadassi, Chairman of Plaza, commented: "On behalf of myself
and the Board, I would like to thank Dori Keren for his
contribution to Plaza. Dori has spent more than a decade with the
Company, commencing in 2006 as Financial Director of the Company's
business in Poland and Latvia, and subsequently serving as Managing
Director and CFO of Poland and Latvia, before being appointed CEO
in 2016. During the last two years he has overseen an extensive
disposals programme which has significantly decreased the Company's
debt and we wish him the best of luck in his future endeavours.
Ends
For further details, please contact:
Plaza
Dori Keren, CEO +48 22 231 99 00
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is an emerging markets
developer of shopping and entertainment centres. The Company is
listed on the Main Board of the London Stock Exchange, as of 19
October 2007, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE:
"PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange. Plaza Centers
N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an
Israeli public company whose shares are traded on both the Tel Aviv
Stock Exchange in Israel and on the NASDAQ Global Market in the
United States. Plaza Centers has been active in real estate
development in emerging markets for over 22 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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