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Elbit Imaging reorganizes management estructure

Elbit Imaging announced that it has decided to reorganize its management structure in order to implement the Company's business plan to focus on seeking new opportunities for the initiation, development and improvement of assets and the establishment and expansion of business cooperation and joint-ventures in the U.S., Europe and India. In furtherance of this objective, Mordechay Zisser, the current Executive President of the Company, will also serve as the CEO of Elbit and will lead the company's business activity. This appointment is aimed at enabling the Company's two senior managers, David Machluf and Ran Shtarkman, who have proven capabilities and track-records, to be posted in the relevant markets in which the Company wishes to focus in the coming years and which constitute the core business of the Company.