Ouster of Bank Hapoalim chief Amiran Sivan foiled

Shareholder Shari Arison and chairman Shlomo Nehama blocked move by top bank executives
Author:
Publish date:

Key shareholder Shari Arison and Bank Hapoalim board chairman Shlomo Nehama have foiled moves by top bank executives to oust management board chairman Amiram Sivan, Ma'ariv reports.

Over weeks the executives discussed premature retirement for Sivan with Nehama and vice chairman Danny Dankner, the paper reports.

Sivan was reportedly infuriated to hear of the maneuvering. He may summon the executives for explanations, Ma'ariv writes.

Amiram Sivan has served as top manager of Bank Hapoalim since 1986. When the Arison-Dankner group acquired control of the bank in 1997 Sivan received a five-year contract that expires in a year and a half.