ICL Announces Changes in its Global Executive Management

TEL AVIV, Israel, January 5, 2017 /PRNewswire/ --

ICL (NYSE and TASE: ICL) today announced the following changes in its global executive management:

Mr. Nissim Adar, President of ICL Essential Minerals, is expected to retire from his position on March 31, 2017 after 37 years of service with the Company. Mr. Adar will be replaced by Mr. Ofer Lifshitz, Executive Vice President, currently manages ICL's cost efficiency and cash flow optimization program. Mr. Lifshitz joined ICL in 1996 and has served in various positions, among others, as an Executive Vice President and head of a Bromine and Bromine compounds' business unit in ICL industrial products' segment. Furthermore, Mr. Lifshitz was the managing director of ICL's in China during the years 2002-2005. Mr. Lifshitz managed the recent integration of the YPH JV and was lately nominated as the chairman of the board of the JV and as board member of Yunnan Yuntianhua (CH: 600096). Mr. Lifshitz will be based in ICL's offices in the Negev, Israel.

Mr. Mark Volmer, President of ICL Specialty Solutions, informed the Company's Chief Executive Officer of his wish to resign from his position as of January 31, 2017. Mr. Volmer will be replaced by Mr. Eli Glazer, Executive Vice President, currently CEO of ICL Europe. Mr. Glazer joined ICL in 1983 and served in various positions, among others, as the CEO of ICL Performance Products in Europe & Asia Pacific for a period of 5 years and as the CEO of ICL China for a period of 5 years. Prior to that, Mr. Glazer served in various positions in ICL industrial products' segment, including as the head of the Bromine and Bromine compounds' business unit. Mr. Glazer will be based in ICL's offices in Ladenburg, Germany.

The Board of Directors and the management team thank Mr. Nissim Adar and Mr. Mark Volmer for their contributions to the Company and its achievements, and wish success to Messrs. Ofer Lifshitz and Eli Glazer in their new positions.

Name of the authorized signatory on the report and name of authorized electronic reporter: Lisa Haimovitz

Position: SVP, Global General Counsel and Company Secretary

Signature Date: December 8, 2016

INVESTOR RELATIONS CONTACT                    
Limor Gruber
Head of Investor Relations, ICL
+972-3-684-4471
Limor.Gruber@icl-group.com  
                               
PRESS CONTACT
Gadi Ohana
Debby Communications
+972-3-5683000
gadi@debby.co.il

SOURCE ICL