Bank Hapoalim to announce new CEO Eli Yones appointment at 4:30 p.m. - TheStreet

In a 4:30 p.m. press conference convened by Bank Hapoalim, the bank will apparently announce the appointment of Eli Yones as CEO. Other changes in the management of the bank will also be announced.

The press conference will take place shortly after the bank's board meeting. The meeting was to be held this morning, soon after the bank's top management meeting, which takes place every Wednesday morning. It was postponed due to controlling shareholders hope the late hour would reduce the shocks expected in the bank following the new appointment.

In the last two weeks a special committee comprised of controlling shareholders in the bank and outgoing CEO Amiram Sivan himself, interviewed various candidates for the position, including vice chairman of the board of management and head of corporate banking Moshe Amit and head of holdings in subsidiaries and affiliates, Jacob Elinav, who the controlling shareholders probably hope will not leave the bank.