Israel’s largest refining and petrochemicals group CEO to step down

Israel’s Oil Refineries (ORL) said its chief executive, Yashar Ben Mordechai, will step down at the end of the month, citing personal reasons.

Ben Mordechai will be replaced temporarily by his deputy, Shlomi Bason, who oversees human resources, safety and security, and environmental issues. ORL, Israel’s largest refining and petrochemicals group, said its board had formed a search committee for a permanent CEO.

The company also said that its chairman, Ovadia Eli, who was due to step down in the second quarter, will stay on until July 1 when his replacement, Johanan Locker, officially begins.

(Reporting by Ari Rabinovitch; Editing by Tova Cohen)

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