Asaf Elimelech resigns as Plus500 CEO

Maria Nikolova

Mr Elimelech has a notice period of 12 months and will continue with the broker in a transitional role alongside an Interim CEO.

Online trading company Plus500 Ltd (LON:PLUS) today announces that Asaf Elimelech has decided to step down from his role as the company’s Chief Executive Officer.

He has tendered his resignation from the Board and the company with immediate effect. Mr Elimelech has a notice period of 12 months and will continue with Plus500 in a transitional role alongside an Interim CEO until a permanent replacement is appointed, including retaining his role as a director of certain Group’s subsidiaries.

The Nomination Committee of the Board has initiated a process to appoint a new CEO and will consider candidates from inside and outside the company.

David Zruia, the Group’s Chief Operating Officer (COO), will assume the role of Interim CEO alongside his day to day to responsibilities and will join the Board with immediate effect, until a permanent CEO is appointed.

Penny Judd, Chairman of Plus500, commented:

“Asaf Elimelech has been a significant part of Plus500’s success in recent years; we thank him for his contribution and wish him well for the future.

“The Board believes that David Zruia is well qualified to act as Interim CEO during the transition period; he is an experienced manager with a deep understanding of the business who has demonstrated sound leadership during his time with Plus500.

“We look forward to making a permanent CEO appointment as soon as possible and are confident that we will find a suitable candidate to lead the business and further its success.”

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