President of Israel's Gazit-Globe resigns

Wed Jun 10, 2009 4:41am EDT
 
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TEL AVIV, June 10 (Reuters) - Israeli real estate investment company Gazit-Globe Ltd (GLOB.TA) said on Wednesday its president, Michael Bar Haim, was stepping down.

He has held the position since January 2008.

Bar Haim will remain president for a period to be agreed upon with the company, Gazit-Globe said in a statement, adding that the board will announce a temporary replacement in the coming days.

The company did not provide further details.

Gazit-Globe operates in the United States through Equity One Inc (EQY.N), in which it owns 40 percent, and in Canada through 54 percent-owned First Capital Reality Inc (FCR.TO). It is also the largest shareholder in Finland's Citycon (CTY1S.HE) and last year it took over Atrium European Real Estate ATRV.VI.

(Reporting by Tova Cohen; editing by Elaine Hardcastle)

 

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