ICL Announces Planned Departure of President and CEO Raviv Zoller
ICL, a global specialty minerals company, announced that President and CEO Raviv Zoller will depart in early 2025 after seven years of leadership. Zoller will continue serving until a replacement is appointed and a formal transition is completed. Under his tenure, ICL transformed into an innovative, profitable organization with strong cash flow and enhanced global partnerships. Chairman Yoav Doppelt praised Zoller's leadership, highlighting the company's unprecedented success across key operations and improved product profitability. The transition process is expected to be completed by the release of annual financial statements.
ICL, una compagnia globale di minerali specializzati, ha annunciato che il Presidente e CEO Raviv Zoller lascerà l'incarico all'inizio del 2025 dopo sette anni di guida. Zoller continuerà a servire fino all'assegnazione di un sostituto e al completamento di una transizione formale. Sotto la sua direzione, ICL si è trasformata in un'organizzazione innovativa e redditizia, con un forte flusso di cassa e partnership globali rafforzate. Il Presidente Yoav Doppelt ha lodato la leadership di Zoller, evidenziando il successo senza precedenti dell'azienda in operazioni chiave e il miglioramento della redditività dei prodotti. Si prevede che il processo di transizione sia completato con la pubblicazione dei bilanci annuali.
ICL, una empresa global de minerales especializados, anunció que el Presidente y CEO Raviv Zoller dejará su cargo a principios de 2025, tras siete años de liderazgo. Zoller continuará en su puesto hasta que se designe un reemplazo y se complete una transición formal. Bajo su mando, ICL se transformó en una organización innovadora y rentable, con un fuerte flujo de caja y asociaciones globales mejoradas. El Presidente Yoav Doppelt elogió la liderazgo de Zoller, destacando el éxito sin precedentes de la compañía en operaciones clave y el aumento de la rentabilidad de los productos. Se espera que el proceso de transición se complete con la publicación de los estados financieros anuales.
ICL, 글로벌 특수 광물 회사,는 Raviv Zoller 회장이 2025년 초에 7년의 리더십을 마치고 떠난다고 발표했습니다. Zoller는 후임자가 임명되고 공식적인 전환이 완료될 때까지 계속해서 직무를 수행할 것입니다. 그의 재임 기간 동안 ICL은 혁신적이고 수익성 있는 조직으로 변화했으며, 강력한 현금 흐름과 향상된 글로벌 파트너십을 구축했습니다. 회장 Yoav Doppelt는 Zoller의 리더십을 칭찬하며 회사의 주요 운영에서 unprecedented한 성공과 제품 수익성의 향상을 강조했습니다. 전환 과정은 연간 재무 보고서 발행으로 완료될 것으로 예상됩니다.
ICL, une entreprise mondiale de minéraux spécialisés, a annoncé que le Président et PDG Raviv Zoller partira au début de 2025 après sept années de leadership. Zoller continuera d'exercer ses fonctions jusqu'à ce qu'un remplaçant soit nommé et qu'une transition formelle soit achevée. Sous sa direction, ICL s'est transformée en une organisation innovante et rentable, dotée d'un flux de trésorerie solide et de partenariats mondiaux renforcés. Le Président Yoav Doppelt a loué le leadership de Zoller, soulignant le succès sans précédent de l'entreprise dans les opérations clés et l'amélioration de la rentabilité des produits. Le processus de transition devrait être achevé avec la publication des états financiers annuels.
ICL, ein globales Unternehmen für Spezialminerale, gab bekannt, dass Präsident und CEO Raviv Zoller Anfang 2025 nach sieben Jahren an der Spitze zurücktreten wird. Zoller wird weiterhin im Amt bleiben, bis ein Nachfolger ernannt wird und ein formeller Übergangsprozess abgeschlossen ist. Unter seiner Leitung hat sich ICL in eine innovative, profitable Organisation mit starkem Cashflow und verbesserten globalen Partnerschaften verwandelt. Vorsitzender Yoav Doppelt lobte die Führung von Zoller und hob den beispiellosen Erfolg des Unternehmens in wichtigen Bereichen sowie die verbesserte Produktprofitabilität hervor. Der Übergangsprozess wird voraussichtlich mit der Veröffentlichung der Jahresfinanzberichte abgeschlossen sein.
- Company maintains strong cash flow generation
- Improved product profitability during CEO's tenure
- Successful execution of company strategy
- None.
Insights
A CEO departure announcement without an immediate successor in place can create uncertainty, but several factors mitigate concerns in this case. The planned transition extends into early 2025, providing ample time for a smooth handover. Under Zoller's seven-year tenure, ICL has built strong operational fundamentals with consistent cash flow generation and a robust management team.
The company's strategic positioning appears solid with a completed five-year plan and succession planning already in progress. The orderly nature of this transition, with Zoller remaining until his replacement is appointed, helps maintain operational continuity. However, any leadership change at a
Zoller to continue to serve the company until a replacement has been announced
In a letter to the company's employees, Zoller wrote, “I feel great pride, mixed with sorrow, as I announce my expected retirement from the position as president and CEO of ICL. Over the past seven years at this amazing organization, I have come to know our employees who give their heart and soul to the company. Together, we have turned ICL into an outstanding employer, a company that strives for innovation, and a place where everyone can influence success. We have nurtured our internal and global partnerships, as we have dealt with significant external challenges. Regardless, we have focused on continuous learning and improvement and can be proud of the strength of the company, which functions as a well-oiled machine – innovative, very profitable, robust, and focused, which generates consistently strong cash flow.
“Since taking office, I have been involved in all strategic and long-term planning, including succession planning for my role, and I will be parting ways with an even stronger company than the one I joined seven years ago. I am leaving the board of directors with a talented and strong management team, a solid organizational structure, and a promising five-year plan. I expect the selection and transition processes will be quick and will be completed by the release of our annual financial statements.
“Most of all, I want to thank my family – especially my wife Miri – who has supported me and helped me meet the very challenging demands of this role. May I know how to support her with the same total dedication."
"During Raviv's tenure, ICL has enjoyed unprecedented success across its key operations. The company's exceptional management team and employees – who have been the foundation of ICL’s success for decades – have led significant disruption in the company's approach to innovation and sustainability. Under Raviv's leadership, the company has successfully executed against its strategy and significantly increased the profitability of its products,” said ICL Chairman, Yoav Doppelt.
“Upon joining the company, Raviv quickly turned ICL into his second family, as strong relationships have always been highly regarded by all employees around the world. Despite the significant challenges and global crises during his tenure, he was able to lead the company wisely and calmly, while safeguarding its employees and assets. ICL's managers and employees have continued to build and develop the company on the basis of Raviv's initiatives, and as new technologies continue to proliferate, the company will maintain its focus on growing its product offerings around the world. The company's Board of Directors thanks Raviv for seven years of joint work and mutual appreciation, and I personally wish him success and prosperity in his future endeavors."
About ICL
ICL Group is a leading global specialty minerals company, which creates impactful solutions for humanity's sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company's growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2023 revenues totaled approximately
For more information, visit ICL's website at icl-group.com.
To access ICL's interactive CSR report, visit icl-group-sustainability.com.
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Forward Looking Statements
This announcement contains statements that constitute forward‑looking statements, many of which can be identified by the use of forward‑looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others.
Forward-looking statements appear in this press release and include, but are not limited to, statements regarding the company’s intent, belief or current expectations. Forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, positioning, objectives and expectations, general economic, market and business conditions, supply chain and logistics disruptions, energy storage and electric vehicle growth, the potential for new COVID-19 variants, global unrest and conflict, governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, changes in environmental, tax and other laws or regulations and the interpretation thereof, and war or acts of terror and/or political, economic and military instability in
Forward-looking statements refer only to the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241205598763/en/
Investor and Press Contact – Global
Peggy Reilly Tharp
VP, Global Investor Relations
+1-314-983-7665
Peggy.ReillyTharp@icl-group.com
Investor and Press Contact -
Adi Bajayo
ICL Spokesperson
+972-3-6844459
Adi.Bajayo@icl-group.com
Source: ICL Group LTD
FAQ
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