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Ofra Strauss and Erez Vigodman Ranked among the Top Ten managers in the 50 Most Valued Managers in Israel Index by BDI Coface.
Tel Aviv, May 26, 2009 – The Strauss Group (STRS.TA) today reported its results for the first quarter of 2009.
Ofra Strauss, Chairperson of Strauss Group, said today, "Strauss showed continued sustainability while navigating unprecedented macro challenges. Throughout the quarter we continued to strengthen our core foundations for growth while enhancing our long term standing and sustainability”.
Gadi Lesin, CEO of Strauss Israel, Who is Intended to Succeed Erez Vigodman as President & CEO of Strauss Group, Today Named Zion Balas as the Next CEO of Strauss Israel.
Balas Will Assume His New Role as CEO of Strauss Israel and Member of the Group Manangement Team on June 15, 2009.
Demand for the Company's debentures was strong with NIS 2 billion in early subscriptions.
Bonds (Series C) were carried out by means of tender on the annual rate of interval above the base interest rate (which is the interest on "Government bond 817”).
The tender determined that the interest rate interval of the bonds is 0.7%.
Debentures rated by Midroog (subsidiaries of Moody’s) Aa1 with stable horizon and by Standard & Poor's Maalot. AA+/ stable.
