DGAP-News: Gadi Cunia to Conclude His Tenure as Senior Executive VP and CFO of Gazit-Globe

DGAP-News: Gadi Cunia to Conclude His Tenure as Senior Executive VP and CFO of Gazit-Globe

ID: 161641

(firmenpresse) - Gazit-Globe

02.07.2012 10:10
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Gil Kotler, Who Previously Served as the Company's CFO for 12 years, to be
Reappointed to the Position Upon Return to Israel From His Current Role With
the Company in Miami, US

TEL-AVIV, Israel, 2012-07-02 10:10 CEST (GLOBE NEWSWIRE) --
Gazit-Globe (TASE:GLOB) (NYSE:GZT), one of the world's leading multi-national
real estate companies focused on acquisition, development and redevelopment of
supermarket-anchored shopping centers announced today that Gadi Cunia will
conclude his tenure as Senior Executive VP and CFO of the Company on October 1,
2012. The Company intends to appoint Gil Kotler, who previously served as the
Company's CFO for 12 years, as Senior Executive VP and CFO.

In recent years, Mr. Kotler resided in Miami, Florida where he has been engaged
in a wide range of strategic activity including leading the group's
international financial activities. In addition, Mr. Kotler has successfully
completed a program for senior executives at Harvard University.

Roni Soffer, Gazit-Globe's President commented: 'I would like to thank Gadi for
his contribution to the Gazit-Globe. Gadi brought to the Company extensive
experience and assisted us with a number of strategic projects, including
completion of the Company's initial public offering in the US and the listing
of its shares on the NYSE in December 2011. I would like to congratulate Gil on
his impending return to Israel and appointment as Senior Executive VP and CFO
of the group. I believe the additional experience Gil has attained during his
tenure in the US will significantly strengthen the group and contribute to its
continued success.'

ABOUT GAZIT-GLOBE

Gazit-Globe is one of the largest owners and operators of supermarket-anchored




shopping centers in the world. In addition, the Company is active in North
America in the healthcare real estate sector. Gazit-Globe is listed on the Tel
Aviv Stock Exchange (TASE:GLOB) and is included in the TA-25 and the
Real-Estate 15 indices in Israel. The Company is also listed on the New York
Stock Exchange (NYSE:GZT). The Group operates properties with a total value of
approximately $19.0 billion in more than 20 countries and owns and operates
over 600 properties with a gross leasable area of approximately 6.7 million
square meters. www.gazit-globe.com.

FORWARD LOOKING STATEMENTS

This release may contain forward-looking statements within the meaning of the
U.S. federal securities laws. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. Such
statements involve a number of known and unknown risks and uncertainties, many
of which are outside our control, that could cause our future results,
performance or achievements to differ significantly from the results,
performance or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to such
differences include risks detailed in our public filings with the SEC. Except
as required by law, we undertake no obligation to update any forward-looking or
other statements herein, whether as a result of new information, future events
or otherwise.


CONTACT: Media Contact: press(at)gazitgroup.com
Investors Contact: IR(at)gazitgroup.com
Gazit-Globe Headquarters
1 HaShalom Rd.
Tel-Aviv, Israel
Tel: +972 3 6948000

For additional information:
Roni Soffer, President
News Source: NASDAQ OMX



02.07.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Gazit-Globe


Panama
Phone:
Fax:
E-mail:
Internet:
ISIN: PAL0605071A3
WKN:

End of Announcement DGAP News-Service

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Bereitgestellt von Benutzer: EquityStory
Datum: 02.07.2012 - 10:10 Uhr
Sprache: Deutsch
News-ID 161641
Anzahl Zeichen: 3941

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