The Board of Directors
ITSHAK SHARON TSHUVA
Controlling Shareholder, Director since 2014
Mr. Tshuva is an Israeli entrepreneur and businessman with global business activities and a vision in the energy sector that led to significant discoveries of natural gas deposits off the coast of Israel, discoveries that transformed Israel into an energy-independent nation based on domestic resources. These discoveries enabled Israel to become a significant energy player in the international arena, and are a decisive contribution to the Israeli economy. In 1998, Mr. Tshuva acquired control of Delek Group and led the company to significantly expand its operations and transform it into a diverse global corporation with holdings in energy (Upstream and Downstream), insurance and financial services, automotive and more.
As part of Mr. Tshuva’s vision, and in partnership with Nobel Energy, Delek Group has been responsible since 2000 for significant marine natural gas discoveries in Israel and Cyprus, including the Leviathan reservoir – the largest gas reservoir discovered in deep waters worldwide in the last decade.
As a result of his vision, Mr. Tshuva promotes economic projects and partnerships between Israel and its neighbors to pave the way for important shared achievements between Israel and its neighbors in the region.
Ehud Erez
Chairman of the Board, Director since 2020
Mr. Erez previously served as Chairman of El-Ad Group, which specializes in real estate. Prior to that, he served as CEO of El-Ad Group, and before that as CEO of Elad Canada.
Education: Bachelor of Arts (BA) in Economics and Accounting, The Hebrew University of Jerusalem; Certified Public Accountant (CPA).
Heelee Kriesler
Independent Director since 2024
Ms. Kriesler serves as the CFO and Chief Customer Officer at BLEND Localization. Previously, she held a partnership position at PwC, and held positions including Chief Transformation Officer, VP Business Planning, FP&A and VP of Global Customer Success at cybersecurity company Checkmarx, and VP of Global Customer Success and Support at Bright Security.
Ms. Kriesler also serves as a board member at HighCon.
Board Committees: Financial Statements Review Committee, Compensation Committee, Audit Committee.
Education: Bachelor of Arts (BA) in Economics and Accounting, Master of Arts (MA) in Sociology, Tel Aviv University; Certified Public Accountant (CPA).
Shimon Doron
External and Independent Director since 2018
Mr. Doron previously served as VP Planning and Logistics at Bar-Ilan University, and is the owner of a strategic consulting firm. He currently serves as the Co-CEO of the Island Hotel in Netanya, and as a member of administration of the Sephardic Federation in Jerusalem.
Board Committees: Financial Statements Review Committee, Compensation Committee, Audit Committee.
Education: Master of Arts (MA) in Public Policy and International Relations, The Open University.
Ruth Dahan-Portnoy
Independent External Director since 2020
Ms. Dahan-Portnoy previously served as VP at S&P Maalot ratings company, where she led the financial institutions ratings sector (banks, insurance companies, and investment firms).
Currently, she is the founder and CEO of a consulting company specializing in financing solutions for corporations. Ms. Dahan-Portnoy also serves as a board member of several leading Israeli companies, including Assuta Medical Centers, Mishorim Real Estate Investments Ltd. and Israel Railways Ltd.
Board Committees: Chairman of the Financial Statements Review Committee, Audit Committee, Compensation Committee.
Education: Bachelor of Arts (BA) in Economics and Master of Business Administration (MBA) from The Hebrew University of Jerusalem.
Driving growth in energy,
real estate, and financial services
across Israel and around the world.
CONTACT INFO
- 19 Abba Eban Blvd.
- POB 2054 Herzlia 4612001 Israel
- Tel: +972 9 863 8444
- Fax: +972 9 885 4955
- [email protected]
Tamir Polikar
EXECUTIVE VP AND CFO SINCE AUGUST 2020
Before assuming the position of Executive VP and CFO of Delek Group, Mr. Polikar held several senior positions in different sectors such as finance, energy and real estate. During his 25 years of top management experience Mr. Polikar served as the CEO of Aspen Group, CFO of Israel’s Electric Corporation, CEO of Sonol Israel, CFO of Azrieli Group and the CFO of Petrolgaz Group. Education: MBA – Business Administration, BA – Accounting & Business Administration, CPA (Isr)
IDAN WALLACE
CEO SINCE 2020
Mr. Wallace was appointed the new CEO of Delek Group in January 2020, after previously serving as CEO of Tshuva Group, a group of private companies owned by Yitzhak Tshuva, the controlling shareholder of Delek Group (through Tashluz Investments and Holdings Ltd.). In addition, since 2010, Mr. Wallace has served as a strategic advisor to the CEO of Delek Drilling. Mr. Wallace also serves as a director in a number of leading companies in the energy, real estate and media sectors.
NIV SARNE
HEAD OF ENERGY, BUSINESS DEVELOPMENT & M&A SINCE 2017
Mr. Sarne joined Delek Group in 2017 as the Head of its energy business development and international M&A activities. For the previous six years, Mr. Sarne worked at Noble Energy, first in Israel, where he was responsible for Noble’s East Med business development activities, and then in Houston, where he was responsible for on-shore business development activity. Education: B.Sc. in Civil Engineering from the Technion Israel Institute of Technology; MBA from the University of Chicago
IDO ADAR
TREASURER SINCE 2004
Mr. Adar has served as the Treasurer of Delek Group and a number of its subsidiaries since 2004. Previously, Mr. Adar was Treasurer of Delek Israel (Delek, the Israel Fuel Corp.) for approximately 10 years. Education:BA in Economics and MBA from Tel Aviv University
YOSSI BARNEA
CHIEF INVESTMENT OFFICER SINCE 2010
Prior to joining Delek Group, Mr. Barnea held various top management positions with banking and investment firms in the US and Israel for over 15 years. Education:BA in Economics and Businessfrom the Interdisciplinary Centre (IDC), Israel
LEORA PRATT LEVIN
EXECUTIVE VP & CHIEF LEGAL COUNSEL SINCE 2007
Ms. Pratt Levin has been with the Delek Group since 1999, serving as Legal Counsel for the Delek Real Estate Group and other subsidiaries. Previously, she served as legal counsel for the Tshuva Group. Education:BA in Political Science from Tel Aviv University; LLB from the University of Reading. Ms. Levin has been a member of the Israel Bar Association since 1991.
SHIMON DORON
INDEPENDENT AND EXTERNAL DIRECTOR SINCE 2018
Mr. Shimon Doron previously served as VP of Planning and Logistics at Bar-Ilan University and is the owner of a strategic consulting firm. He currently serves as joint CEO of the Island Hotel in Netanya, and as member of administration of the Sephardi Federation in Jerusalem. Board Committees: Committee for reviewing the financial statements, compensation committee, and audit committee Education: MA in Political Science and International Relations, Open University
CARMIT ELROY
DIRECTOR SINCE 2012
Ms. Elroy is active in Israel’s real estate and wholesale/retail trade industries. She is the owner and CEO of Pharmacin Ltd., and Baraka Or Holdings Ltd. She currently serves as a director of Delek Israel Fuel Corp. Ltd. and Delek Drilling Management (1993) Ltd. Education: B.A. in Special Education and Humanities from the University of Tel Aviv.
RONI RON MILO
INDEPENDENT DIRECTOR SINCE 2015
Mr. Milo, an attorney, served as Chairman of the Board of Azorim Investment Ltd. of the IDB Group and Chairman of Cantor Fitzgerald Israel, as well as a board member of Bank Yahav, American Israeli Paper Mills Ltd. Group and Kardan Real Estate. Previously, he was a member of Israel’s Knesset (Parliament) for six terms, serving as Israel’s Deputy Foreign Minister, Acting Minister of the Interior, Minister of the Environment, Minister of Labor and Welfare, Minister of Homeland Security, and a Member of the Ministerial Council on Security, Minister of Health and Minister for Regional Cooperation. He also served as the Mayor of Tel-Aviv-Jaffa from 1993 to 1998. Board Committees: Audit Committee Current Business Directorships: Mr Milo is hosting a TV show about current issues. Education: LL.B from Tel-Aviv University
ITSHAK SHARON TSHUVA
CONTROLLING SHAREHOLDER, DIRECTOR SINCE 2014
Mr. Tshuva is an Israeli entrepreneur and businessman with global business operations. He is responsible for the discovery, beginning in 2000, of major natural gas reserves offshore Israel that enabled the country to become energy independent and to emerge as an international energy player. In 1998, Mr. Tshuva acquired control of Delek Group, leading the company in a substantial expansion of its operations and transforming the company into a diversified global corporation with interests in upstream and downstream energy, insurance and financial services and automotive, among others. In pursuit of Mr. Tshuva’s vision, and in partnership with Noble Energy, since 2000 Delek Group has discovered substantial offshore natural gas reserves in Israel and Cyprus, including the Leviathan field, the world’s largest gas reserve discovered in deep water in the last decade. Other: As an outgrowth of his personal vision and beliefs, Mr. Tshuva promotes economic ventures and partnerships between Israel and its neighbors to enable the advancement of the peace process and to pave the way for important shared achievements between Israel and its regional neighbors.
GABRIEL LAST
CHAIRMAN, DIRECTOR SINCE 2003
Mr. Last is the Chairman of Delek Group and of several of its subsidiaries and affiliates. From 2001 to 2003, Mr. Last served as CEO of Delek Group Ltd., and, from 1998 to 2001, as Managing Director of the Israeli Society of Insurance Companies and the Israeli Association of Life Insurance Companies Ltd. Mr. Last also served as a Commander of Tel Aviv district in the Israeli Police Force between 1993 and 1996, and as a Vice Inspector General of the Israeli Police Force from 1996 to 1998. Board Committees: Investment Committee Education: LL.B from Tel Aviv University; MA in Political Science and Mathematics, with honors, from Haifa University; AMP (Advanced Management Program for Executive Officers) at Harvard University. Awarded a Doctorate Honoris Causa by Netanya Academic College.
ADV. BOAZ M. SCHNITZER
HEAD OF GLOBAL TAXATION & STRUCTURING SINCE 2016. DEPUTY CEO SINCE 2020
Mr. Schnitzer has provided the management teams of the Delek Group and its Energy affiliates with strategic tax and structuring advice in connection with M&A and financing transactions. Mr. Schnitzer has also provided strategic legal and tax advice to the Tshuva Group since 2008 in connection with its global business operations and served as a director in several of its subsidiaries. Prior to joining the Tshuva Group, Mr. Schnitzer was a partner with Ernst & Young Israel and was a tax associate at Sullivan & Cromwell in New York City. Education: Mr. Schnitzer holds an LLM in Taxation from Boston University School of Law and an LLB from the College of Management School of Law, and is admitted to the bars of both Israel and the State of New York.
Waiver of Rule 9 of the UK City Code on Takeovers and Mergers
Important Disclaimer
ACCESS TO THIS AREA OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES LAWS OR REGULATIONS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A JURISDICTION), BEFORE YOU MAY OBTAIN ACCESS TO THE INFORMATION ON THIS MICROSITE. THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSIBLE BY PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION OR WOULD RESULT IN A REQUIREMENT TO COMPLY WITH CONSENT OR OTHER FORMALITY WHICH DELEK REGARDS AS UNDULY ONEROUS.
As a consequence of Delek Group Ltd.’s (“Delek”) anticipated shareholding following completion of the proposed combination between Capricorn Energy PLC (“Capricorn“) and NewMed Energy Limited Partnership (“NewMed“) (the “Recommended Combination”), the Recommended Combination is conditional on a Rule 9 waiver from the UK Takeover Panel in order to disapply mandatory offer requirements pursuant to Rule 9 of the UK City Code on Takeovers and Mergers (the “Rule 9 Waiver”).
Access to the Information
You are attempting to enter the part of the website that is designated for the publication of documents and information in connection with the Recommended Combination and the Rule 9 Waiver. The materials you are seeking to access are made available in good faith and for informational purposes only and are subject to the terms and conditions set out below. Any person seeking access to this part of Delek’s website represents and warrants to Delek that they are doing so for informational purposes only. Making the information available in electronic format is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Recommended Combination or the Rule 9 Waiver.
If you would like to view this part of the website, please read this notice carefully. This notice applies to all persons who view this part of the website and, depending on where you are located, may affect your rights or responsibilities. Delek reserves the right to amend or update this notice at any time and you should, therefore, read it in full each time you visit the site. In addition, the contents of this part of the website may be amended at any time, in whole or in part, at the sole discretion of Delek.
Overseas jurisdictions
Viewing the materials you are seeking to access may be restricted under securities laws in certain jurisdictions. In certain jurisdictions, only certain categories of persons may be allowed to view such materials. All persons who wish to view the information contained in this part of the website must first satisfy themselves that they are not subject to any local requirements which prohibit or restrict them from doing so and should inform themselves about, and observe, any legal or regulatory requirements applicable in their jurisdiction.
The materials contained in this part of the website are not directed at or intended to be accessible by persons resident in any jurisdiction if to do so would constitute a violation of the relevant laws or regulations of that jurisdiction.
YOU SHOULD NOT DOWNLOAD, MAIL, FORWARD, DISTRIBUTE, SEND OR SHARE THE INFORMATION OR DOCUMENTS CONTAINED ON THIS MICROSITE TO ANY PERSON. IN PARTICULAR, YOU SHOULD NOT MAIL, FORWARD, DISTRIBUTE OR SEND THE INFORMATION OR DOCUMENTS CONTAINED THEREIN TO ANY JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.
This part of the website contains information that has been prepared for the purposes of complying with the UK City Code on Takeovers and Mergers and the information disclosed may not be the same as that which would have been disclosed if this information had been prepared in accordance with the laws and regulations of any jurisdiction outside of England and Wales.
It is your responsibility to satisfy yourself as to the full observance of any relevant laws and regulatory requirements. If you are in any doubt, you should not continue to seek to access this part of the website.
Responsibility
In relation to any materials related to the Recommended Combination that are accessible on this part of the website, please note any statement of responsibility contained therein.
Confirmation of understanding and acceptance
- I have read and understood the notice set out above and I agree to be bound by its terms.
- I am not (nor do I act on behalf of someone who is) resident in any country that renders the accessing of the materials on this website or parts of it illegal.
- I will not print, download, or otherwise seek to copy, mail, forward, distribute or send any of the materials on this part of the website to any other person at any time.
- I represent and warrant to Delek that I intend to access this part of the website for informational purposes only.
If you are unable to agree, you should click “I DECLINE” and you will not be able to view information about the Recommended Combination and the Rule 9 Waiver.