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Alon Holdings Blue Square-Israel Announces Appointment Of Limor Ganot As Co-CEO

Stocks in this article: BSI

ROSH HAAYIN, Israel, March 22, 2013 /PRNewswire/ --

Alon Holdings Blue Square - Israel Ltd. (NYSE: BSI) (hereinafter: "Alon Holdings") announced today that Ms. Limor Ganot has been appointed  to serve as the Co-CEO of Alon Holdings, alongside current CEO and Chief Operating Decision Maker Mr. David Wiessman, commencing April 1, 2013.

Ms. Ganot will spend two-thirds of her working time as Co-CEO of Alon Holdings and one-third of her time working with other companies in the Alon Group.

Since, 2004, Ms. Ganot has served in various capacities at Alon Israel Oil Company Ltd., and most recently as Vice President Business Development and Mergers and Acquisitions.  Ms. Ganot is a certified CPA.

Yitzhak Bader, Chairman of the Board of Alon Holdings  said, "We are pleased that Limor Ganot has agreed to serve as Co -CEO.  Limor  has a deep understanding and rich experience in our business and the business of our subsidiaries.  We believe that with her experience and qualifications exhibited at her previous positions Limor can contribute significantly to the Alon Holdings group working alongside David Wiessman."

Alon Holdings Blue Square- Israel Ltd. (hereinafter: "Alon Holdings") is the leading retail company in the State of Israel and operates in five reporting segments: In its supermarket segment, Alon Holdings, as a pioneer in the modern food retail, through its 100% subsidiary, Mega Retail Ltd., currently operates 213 supermarkets under different formats, each offering a wide range of food products, "Near Food" products and "Non-Food" products at varying levels of service and pricing. In its "Non-Food" segment, Alon Holdings, through its 100% subsidiary BEE Group Retail Ltd., operates specialist outlets in self-operation and franchises and offers a wide range of "Non-Food" products as retailer and wholesaler. In the Commercial and Fueling Sites segment, through its 78.43% subsidiary, which is listed on the Tel Aviv stock exchange ("TASE"), Dor Alon Energy in Israel (1988) Ltd is one of the four largest fuel retail companies in Israel based on the number of petrol stations and a leader in the field of convenience stores. Dor Alon operates a chain of 202 petrol stations and 210 convenience stores in different formats in Israel. In its Real Estate segment, Alon Holdings, through its TASE traded 78.22% subsidiary Blue Square Real Estate Ltd., owns, leases and develops yield generating commercial properties and projects. In other segments, Alon Holdings through its 100% subsidiary, Alon Cellular Ltd, operates an MVNO network in Israel and through Diners Club Israel Ltd., an associate held at 49%, which operates in the sector of issue and clearance of YOU credit cards to the customer club members of the group.

Contact:  

     Alon Holdings Blue Square-Israel Ltd.       Ortal Klein       Corporate Secretary       Telephone: +972-9- 9618504       Fax: +972-9- 9618636       Email: ortal.klein@alon-oil.co.il

SOURCE Alon Holdings Blue Square-Israel Ltd

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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