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DR. SAMER HAJ-YEHIA APPOINTED TO STRAUSS GROUP BOARD OF DIRECTORS
13/06/2017

DR. SAMER HAJ-YEHIA APPOINTED TO STRAUSS GROUP BOARD OF DIRECTORS

Strauss Group Chairperson, Ofra Strauss, today announced the appointment of Dr. Samer Haj-Yehia to the Group’s board of directors as an external director, after the appointment was approved by the general meeting of shareholders of the company. Ofra Strauss, Chairperson of Strauss Group: “I am happy that the general meeting of shareholders has approved the board of directors’ recommendation to appoint Dr. Samer Haj-Yehia to the board of directors. His appointment follows the recent appointment of Ms. Dalia Narkys, who joined our board several months ago as an external director, and the retirement (following expiration of the term of office permissible by law) of Professor Dafna Schwartz, Dr. Michael Anghel, Dalya Lev and Akiva Mozes. “Every member of the board of directors has a significant role in shaping our development as a company. I would like to wholeheartedly thank Dafna, Dalya, Michael and Akiva for their great contribution to the Group’s maturation and its success. “The recruitment of new directors is an opportunity for us to enrich and tailor the competencies, expertise and qualifications of the board in view of the challenges facing the company and its strategic plans. I believe that beyond Samer’s expertise and his wealth of experience in accounting and finance, he will enrich us with his extensive international experience and unique personal competencies, which will generate a significant contribution to the Group. All of us at Strauss wish Samer every success in his role.” Dr. Haj-Yehia, married with two children and resident of Taybeh, has a PhD in Macroeconomics from MIT, an MBA in Finance and Banking, an MA in Economics, a BA in Accounting and Economics and an LLB from the Hebrew University of Jerusalem. He holds a license to practice law after having completed his internship at the Herzog Fox Neeman Law Office, and also completed an accounting internship at Deloitte. Dr. Haj-Yehia has held a series of senior positions in the US with major consulting and investment firms, including six years as Vice President of Financial Engineering at Fidelity Investments. Dr. Haj-Yehia’s academic experience includes lecturing positions in a variety of courses on economics, finance and entrepreneurship at several leading universities in the US and Israel, including Harvard, MIT, the Hebrew University of Jerusalem and the IDC Herzliya. He is a member of the board of directors of Bank Leumi and a member of several of the board’s committees. He also chairs the audit committee of the Hadassah Hospital in Jerusalem and is a member of the Council for Higher Education of Israel. Dr. Haj-Yehia is extensively involved in voluntary social activities in a number of organizations such as Kav Mashve for the advancement of employment opportunities for the Arab community and Collective Impact. Strauss’s board of directors recommended Dr. Haj-Yehia’s appointment following a professional process carried out in the past several months, led by the board’s nominating committee and accompanied by an independent outside consultancy.
Strauss Group Announces it will purchase an additional 15% of the shares in Haier Strauss Water Joint Venture
29/05/2017

Strauss Group Announces it will purchase an additional 15% of the shares in Haier Strauss Water Joint Venture

Strauss Group Strengthens its position in the Chinese Residential Water Market and Announces it will purchase an additional 15% of the shares in Haier Strauss Water Joint Venture for NIS c78.3 million via its subsidiary Strauss Water Strauss Group announces that its subsidiary Strauss Water Ltd. ("Strauss Water") has exercised its option to acquire an additional 15% of the shares in the Joint Venture Qingdao HSW Health Water Appliance Co., Ltd ("Joint Venture") as per the Joint Venture agreement and as part of the reorganization process which commenced in 2015 and which has now reached its successful outcome with this purchase. Following the share purchase the Joint Venture will be held 51% by companies of the Haier Group and 49% by Strauss Water. Strauss Water will pay the Haier Group Company NIS 78.3 million within 90 days. The price of the shares was determined based on the financial results of the Joint Venture for 2016 as agreed upon in the Joint Venture agreement. The proceeds will be financed by a shareholder's loan that Strauss-Group provided Strauss Water with.   Gadi Lesin, President and CEO of Strauss-Group said: " This purchase further strengthens Strauss' presence in the residential water market in China, one of the largest and fastest growing markets globally and coincides with Strauss-Group's recent strategic acquisitions (25.1% stake in Strauss Coffee and the minority acquisition in Strauss Water and the sale of the Max Brenner business) and the company's long term strategy to strengthen its holdings in its core businesses alongside the strengthening of the relationships with its partners."   Ronen Zohar, CEO of Strauss Water said: "Our business in China represents an important journey we started a few years ago with the ultimate goal of becoming the leading water company in the geographical regions we operate in. The potential in China is huge, and together with Haier we have the ability to bring this potential to fruition by supplying the demand of the Chinese residential market for innovative water purification solutions, as we did in Israel".   The Joint Venture develops, installs, sells and services water purification solutions. The Joint Venture's 2016 annual revenues totaled NIS 352 million, up 36% on the previous year's sales (*). For the first quarter of 2017 the Joint Venture's sales totaled NIS 117.9 million, up from NIS 59.2 million in the first quarter of 2016, an increase of c100% (**). The net profit of the Joint Venture for 2016 amounted to NIS30 million (*) and net profit for the first quarter of 2017 amounted to NIS 9.5 million, compared to the net profit in the first quarter of 2016 of NIS 6.1 million, an increase of 55% (**).   Estimated at c$ 6 billion with an impressive annual double digit growth rate, the Chinese residential water purification market is estimated to be one of the largest in the world. The expectation for this growth trend is to continue over the next few years supported by a growing number of Chinese families demanding modern water purification solutions as opposed to more traditional water purification methods such as boiling water and using large plastic water jars.   Strauss signed the Joint Venture agreement with Haier at the end of 2010 and introduced the first Joint Venture products at the end of 2011. Nowadays the Joint Venture markets a wide variety of residential water purification solutions. (*) based on the audited financial results of the Joint Venture for the year ending December 31st, 2016 (**) unaudited based on 100% of the company   The figures above do not include adjustments for excess costs incurred at the original date of entry into the Joint Venture For further information please contact:   Daniella Finn Director of Investor Relations | Strauss Group   49 Hasivim St., Petach Tikva | 49517 Phone: + 972-3-675-2545 | Mobile: + 972-54-577-2195 Daniella.finn@strauss-group.com www.strauss-group.com   Osnat Golan VP Communications & Digital, Spokesperson Strauss Group Ltd. 972-52-828-8111 972-3-675-2281 Osnat.Golan@Strauss-Group.com   Or Gil Messing External Communications Director Strauss Group Ltd. 972-54-252-5272 Gil.Messing@Strauss-Group.com
Strauss Group announces yet another strong quarter with 10.8% top line growth and net profits up by 8.1%
29/05/2017

Strauss Group announces yet another strong quarter with 10.8% top line growth and net profits up by 8.1%

The stellar results were driven by continued strong performance at Strauss Israel and Strauss Coffee and improvement in the results of Strauss Water; The Group focused on the active optimization of its portfolio during the quarter   Gadi Lesin, President and CEO of Strauss Group (May 29, 2017): “Strauss-Group continues to actively manage its portfolio in order to optimize performance; during the past few months we have completed the acquisition of the full ownership of Strauss Coffee and Strauss Water, the sale of the Max Brenner chain to the local franchisee and have expanded our investment in China by exercising our option to acquire an additional 15% stake in the Haier Strauss Water Joint Venture ; these strategic moves were carried out along with the continued improvement of the group's financial results. Strauss Israel delivered an especially strong quarter, and our core businesses in coffee and water have continued to post consistent growth. We continue to implement our strategy and believe that it will deliver value to our shareholders, employees, partners and, of course, to our consumers all over the world.” Q1 2017 highlights (1) Organic sales growth, excluding foreign exchange effects, was c7.4%. Shekel sales were NIS c2.1 billion compared to NIS 1.9 billion in the corresponding period in 2016; sales were impacted by a positive currency translation amounting to NIS c51 million as a result of the continued strengthening of the BRL against the NIS compared to last year. Gross profit was NIS c780 million (c37.4% of sales), up c7.4% compared to the corresponding period last year. Gross margins were down c1.2%. Operating profit (EBIT) was NIS c223 million (c10.7% of sales), up c5.0% compared to the corresponding period last year. EBIT margins were down c0.6%. EPS for shareholders of the Company was NIS c1.08, up c8.1% compared to the corresponding period. Negative cash flows from operating activities totaled NIS c86 million, compared to NIS c26 million in 2016.   (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise.     (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (1) Investments include the acquisition of fixed assets and investment in intangibles and deferred expenses.   Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (2) Fun & Indulgence figures include Strauss’s 50% share in the salty snacks business. International Coffee figures include Strauss’s 50% share in the Três Corações joint venture (3C) – Brazil – a company jointly held by the Group (50%) and by the local São Miguel Group (50%). International D&S figures reflect Strauss’s 50% share in Sabra and Obela. Other Operations figures include Strauss’s 34% share in the joint venture in China, Haier Strauss Water (HSW).   Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. Total figures for International Dips & Spreads were calculated on the basis of the exact figures for Sabra and Obela in NIS thousands.     Investor Conference Calls Strauss Group will host an Investor Conference call in Hebrew on Monday, May 29, 2017 at 14:00 (Israel time) to review the Financial Statements of the Company for the first quarter. To participate please dial: 03-918-0685 Strauss Group will also host an Investor Conference call in English on Monday, May 29, 2017 at 17:30 local Israel time (15:30 UK, 10:30 Eastern time) to review the Financial Statements of the Company for the first quarter. To participate in the live call please dial one of the following numbers: From the UK: 0-800-051-8913 From the US: 1-888-281-1167 From Israel: 03-918-0610 The Financial Statements and Investors Presentation are posted on the Group’s Investor Relations website at: http://ir.strauss-group.com/phoenix.zhtml?c=92539&p=irol-irhome     For further information please contact:   Daniella Finn Director of Investor Relations Strauss Group Ltd. 972-54-577-2195 972-3-675-2545 Daniella.Finn@Strauss-Group.com   Osnat Golan VP Communications & Digital, Spokesperson Strauss Group Ltd. 972-52-828-8111 972-3-675-2281 Or Gil Messing External Communications Director Strauss Group Ltd. 972-54-252-5272  
Strauss Group is selling Max Brenner to the chain’s Israeli franchisees
24/05/2017

Strauss Group is selling Max Brenner to the chain’s Israeli franchisees

The transaction includes sale of the ownership of the brand, the 3 restaurants in the US and the international franchise agreements   Strauss Group today announced the sale of the Max Brenner business, owner of the international chain of restaurants and “chocolate bars”, to the chain’s Israeli franchisees – Yaniv Shtanger and Dudu Vaknin. The agreement includes the sale of the Max Brenner business, including the brand, the chain’s restaurants in the US, the international franchise agreements and lease of the factory for a total amount of 5 Million USD. The factory in Beit Shemesh will remain the property of Strauss and will be leased by the buyer for five years with an extension option. The factory employees will continue working in their present jobs at the factory under the new ownership. Strauss Group acquired the Max Brenner chain in 2001, six years after it was established by Oded Brenner and Max Fichtman as a manufacturer of premium chocolate marketed to points of sale. Since the acquisition Strauss Group stabilized the company, turning it into a chain of restaurants and chocolate bars that are one of a kind in Israel and worldwide. Over the years the chain expanded internationally and currently includes around 60 locations in six countries (Israel, Australia, Japan, the US, Russia and South Korea). Strauss Group recently decided to sell the chain as part of its strategy to focus on the group’s core business. The Group chose to sell the chain to its Israeli franchisees, both of whom are former Strauss employees, in the belief that its sale to leading professionals in the restaurant trade who are closely acquainted with the chain will be beneficial to Max Brenner’s continuing global expansion and growth, as well as to fully capitalizing on its potential.   About Max Brenner Max Brenner was established in Israel in 1995 by Oded Brenner and Max Fichtman as a manufacturer of premium chocolate marketed by the company to points of sale. Oded Brenner spent several years in the US and Europe studying to become a professional chocolatier, after which he opened his first store in Ra’anana. These were the modest and authentic beginnings in which the idea, and subsequently, the business plan, germinated: to change the way consumers perceive, touch and taste the chocolate experience by creating “a new global chocolate culture”. Elite acquired Max Brenner in 2001, thus connecting Max Brenner’s entrepreneurial spirit and creativity with know-how, manufacturing and operational capabilities and professional management. From that point on, Max Brenner expanded its operations by leveraging its status as a business unit within Strauss, which took its brand global. In 2003 Max Brenner opened chocolate bars in Israel and expanded the combined food and chocolate concept into the US in 2006. In 2012 Max Brenner merged its global operations in New York, adding senior executives who would support this expansion, including Giora Bar Dea, who managed Strauss’s entire operation in North America, and subsequently Mike Avner, Strauss Group General Counsel who serves as Max Brenner Chairman. Management focused on the chain’s development into additional countries, and in time, Max Brenner became one of the most prevalent chocolate bar chains in the world. In the past two years Max Brenner made the transition from operating loss to profit. Max Brenner operates chocolate bars and restaurants, some wholly-owned by Strauss and others under a franchise. Each location features a small retail store on the premises, which offers the brand’s chocolate products in its internationally familiar creative packaging. The chocolate products sold in the stores are uniform, and all are manufactured in the company’s factory in Beit Shemesh, which employs around eighty people. Today the brand has around 60 chocolate bars in central locations in six countries. All locations are uniformly designed and offer a unique chocolate menu, including beverages served in Hug Mugs, chocolate pizza, chocolate fondue and much more. The chain has become a favorite among leading celebrities in and outside the US and enjoys broad media coverage in all countries. Its menu has received special kudos such as “One of the Best Milkshakes in the US”, special awards for the chocolate pizza, and was even nominated for Best Food & Drink website.   For information: Osnat Golan, 052-8288111 Gil Messing, 054-2525272
Financial Reports  2016 and Q4
28/03/2017

Financial Reports 2016 and Q4

Strauss Group Reports Fourth Quarter and Full Year 2016 Results; A strong set of results with 3.9% annual sales growth and 12.8% EBIT growth (1)   Excellent results delivered by Strauss Coffee and significant achievements at Strauss Israel, together with continued improvement in Strauss Water, lead to positive results across all metrics     Gadi Lesin, President and CEO of Strauss Group (March 28, 2017): “2016 was a strong year for the Group and its businesses, which have posted an improvement across all metrics and strong cash flows. Strauss Israel continued to exceed market growth rates in our home base in Israel and Strauss Coffee posted as set of excellent results for 2016. Sabra's recall from November is being responsibly managed to ensure a return to solid performance. We will continue to invest in innovation, in efficiency enhancement and in delivering genuine added value to our consumers around the world.”   2016 highlights (1) Organic sales growth, excluding foreign exchange effects, was c6.2%. Shekel sales were NIS c7.9 billion compared to NIS 7.6 billion in 2015; sales were impacted by a negative currency translation amounting to NIS c176 million as a result of the continued strengthening of the NIS in comparison to other currencies.   Gross profit was NIS c2,980 million (c37.5% of sales), up c5.4% compared to the corresponding period last year. Gross margins were up c0.5%.   Operating profit (EBIT) was NIS c744 million (c9.4% of sales), up c12.8% compared to the corresponding period last year. EBIT margins were up c0.8%.   EPS for shareholders of the Company were NIS c3.12, up c14.2% compared to the corresponding period.   Cash flow from operating activities totaled NIS c762 million, compared to NIS c516 million in 2015.   (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise.   (1) Data represents the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (2) Investments include the acquisition of fixed assets and investment in intangibles. Note: Financial data were rounded off to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands.     (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (2) Fun & Indulgence figures include Strauss 50% share in the salty snacks business. International Coffee figures include Strauss 50% share in Três Corações Joint Venture (3C) – Brazil - a company jointly held by the Group (50%) and by the São Miguel Group (50%). International D&S figures reflect Strauss 50% share in Sabra and Obela. Other Operations includes Strauss's share in Strauss Water China (50%) until June 30, 2015. Note: Financial data were rounded off to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands.   Q4 2016 highlights(1)   Organic sales growth, excluding foreign exchange effects, was c4.2%. Shekel sales were NIS c2 billion compared to NIS 1.9 billion in the corresponding quarter last year, and includes a NIS c42 million positive translation effect as a result of the strengthening of the Brazilian Real versus NIS during the fourth quarter. Gross profit was NIS c717 million (c35.3% of sales), up c2.6% compared to the corresponding period last year. Gross margins were down c1.5%. Operating profit (EBIT) was NIS c135 million (c6.6% of sales), down c14.4% compared to the corresponding quarter last year. EBIT margins were down c1.7%. EPS for shareholders of the company were NIS c0.53, down c22.1% compared to the corresponding period. Cash flows from operating activities totaled NIS c360 million, compared to NIS c426 million last year.    (1) Based on non-GAAP data, which include the proportionate consolidation of jointly-held partnerships (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise.    (1) Data represent the Company's non-GAAP figures, which include the proportionate consolidation of jointly controlled businesses (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (2) Investments include the acquisition of fixed assets and investment in intangibles. Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands.     (1) Based on non-GAAP data, which include the proportionate consolidation of jointly-held partnerships (without implementation of IFRS 11) and do not include share-based payment, valuation of the balance of commodity hedging transactions as at end-of-period and other income and expenses, unless stated otherwise. (2) Fun & Indulgence figures include Strauss's 50% share in the salty snacks business. International Coffee figures include Strauss's 50% share in the Três Corações joint venture (3C) – Brazil – a company jointly held by the Group (50%) and by the local São Miguel Group (50%). International D&S figures reflect Strauss's 50% share in Sabra and Obela. Note: Financial data were rounded to NIS millions. Percentages changes were calculated on the basis of the exact figures in NIS thousands. The figures for total International D&S were calculated on the basis of the exact Sabra and Obela figures in NIS thousands.   Appendix:       Investor Conference Call   Strauss Group will host an Annual and Fourth Quarter 2016 Investor Conference Call at the offices of the company in Petach Tikva on Tuesday, March 28, 2017 at 17:30 (Israel time) to review the Financial Statements of the Company for the year and quarter.   The Financial Statements for the fourth quarter and full-year of 2016 and Investors Presentation are posted on the Group’s Investor Relations website at: http://ir.strauss-group.com/phoenix.zhtml?c=92539&p=irol-irhome   For further information please contact:   Daniella Finn Director of Investor Relations Strauss Group Ltd. 972-54-577-2195 972-3-675-2545 Daniella.Finn@Strauss-Group.com       Osnat Golan VP Communications & Digital, Spokesperson Strauss Group Ltd. 972-52-828-8111 972-3-675-2281 Or Gil Messing External Communications Director Strauss Group Ltd. 972-54-252-5272       For PDF version press here>    
Strauss Group announces that Strauss Coffee has entered into an agreement with TPG to purchase its entire holding (25.1%) in Strauss Coffee
28/03/2017

Strauss Group announces that Strauss Coffee has entered into an agreement with TPG to purchase its entire holding (25.1%) in Strauss Coffee

Strauss Coffee to buy TPG’s holding for €257 million. The transaction is expected to be accretive. Strauss Group Ltd. announced today (March 28, 2017) that its subsidiary (74.9%) Strauss Coffee B.V. has acquired the entire holding (25.1%) of Robusta Coöperatif, held by TPG Capital, in Strauss Coffee, resulting in Strauss Group regaining full ownership (100%) of Strauss Coffee.   Gadi Lesin, Group President & CEO, said: “This is an important day of celebration for Strauss Group and Strauss Coffee. The acquisition of the outstanding shares in our coffee company is yet another confirmation of our long-term strategy and of the growing dominance of Strauss Coffee’s global status and its impact on Strauss Group, in realization of our commitment to be active in areas that improve people’s lives all over the world. Coffee is a core business for Strauss Group, and the transaction reflects our belief in the coffee category, in the global coffee market as attractive, growing and resilient and, of course, in the coffee company and its employees."   “This acquisition by Strauss Coffee is a significant strategic, financial and organizational step and will create strategic and operational value for the company. We believe in Strauss Coffee’s future ability to continue to grow and to increase the shareholder value it creates in both the immediate and the longer term."   "On behalf of Strauss Group, I would like to thank TPG for their partnership during the past eight years and for their contribution to Strauss Coffee.”   Tomer Harpaz, Strauss Coffee CEO, said: “The world of coffee represents a fascinating opportunity for us. The global coffee culture is spreading exponentially, and we expect to see more coffee consumers and more high-quality coffee becoming accessible. The deep connection between people and their cup of coffee makes the category more resilient, expressed by stable demand even in times of an economic down cycle, an important stabilizing factor in a volatile world. Strauss Coffee is well positioned to address these trends and is committed to promoting the coffee culture among its consumers around the world, fuelled by our genuine passion for coffee and coffee products. I am certain that the transaction will support the company’s ability to realize its strategy, to strengthen its position as a leading international coffee company, and to fully exploit the significant opportunities we see in the global category.”   About the transaction: The consideration will be paid in two installments: €172 million was paid at the signing and share transfer, and the remainder of €85 million will be paid by August 15, 2017. . In addition, Strauss Coffee will redeem stock options granted to Strauss Coffee managers totaling €17 million and will either redeem or convert to Strauss Group Options an additional €2 million.   The transaction will deliver strategic, operational and managerial flexibility to Strauss Coffee and Strauss Group, is accretive, and creates shareholder value in both the immediate and the longer term.   World coffee sales currently amount to approximately $74 billion, with a cumulative average annual growth rate of 5%-6%. Strauss’s coffee business accounts for approximately 50% of the Group’s sales volumes.   TPG is a leading global alternative asset firm founded in 1992 with more than $74 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, Istanbul, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, São Paulo, and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. For more information, visit http://www.tpg.com/.   About Strauss Coffee   Strauss Coffee is an international coffee company, amongst the ten largest coffee companies in the world (Euromonitor, retail sales value) with a turnover in excess of one billion dollars p.a. The company invests in and develops local coffee brands that are leaders in diverse markets – Brazil, Poland, Romania, Serbia, Russia, Ukraine and Israel. The company has 14 production sites worldwide and employs some 7,500 people. Strauss Coffee is committed to promoting the global coffee culture among its consumers around the world, fuelled by a genuine passion for coffee and coffee products.
MS. DALIA NARKYS TO JOIN STRAUSS GROUP BOARD OF DIRECTORS
06/02/2017

MS. DALIA NARKYS TO JOIN STRAUSS GROUP BOARD OF DIRECTORS

Strauss Group Chair, Ms. Ofra Strauss, today announced the appointment of Ms. Dalia Narkys to the Board of Directors of the Group as an external director. Strauss Group published an immediate report on the subject this morning. Until 2015, Ms. Narkys served as Chair of ManpowerGroup Israel and Director of the East Mediterranean Countries in the ManpowerGroup global organization, which is active in 82 countries, and as a member of the group's global management team. In this capacity, she was responsible for global business operations on a scale of NIS 3 billion, and as part of her activities, mentored hundreds of senior executives all over the world. Prior thereto, Ms. Narkys served as ManpowerGroup Israel's CEO and its Vice President of Business Development. Formerly, she was also the owner and CEO of Marom, a company engaged in training children and teens in computer applications. She is among the leading figures in Human Resources in Israel and brings with her rich, diverse global experience. In addition to her professional roles, Ms. Narkys is involved in extensive social activity: she is a member of the Israeli government's Directors Team, a member of the board of directors of the Israel Association of Community Centers and chair of its finance committee, a member of the executive committee of the Academic College of Tel Aviv – Yaffo, and for a decade served on the executive committee of the Afeka Tel Aviv College of Engineering, a member of the executive committee of ELEM Youth in Distress, was president of the Union of HR Companies in the Coordinating Bureau of Economic Organizations, a member of the Taub  Center for Social Policy Studies in Israel's response team, and vice president of IWF (the International Women's Forum) Israel. In the context of her role on the Board of Directors, Ms. Narkys will be heading the Board's Human Resources and Remuneration Committee. Strauss Group's Board of Directors comprises twelve members, of whom six are women.  
Knesset Chairman Award  to the Jasmine nonprofit organization, headed by Ofra Strauss
04/01/2017

Knesset Chairman Award to the Jasmine nonprofit organization, headed by Ofra Strauss

Last week, the Knesset Chairman Award was presented to Jasmine, a not-for-profit organization headed by Ofra Strauss. The award was presented to Jasmine CEO and founder, Ms. Kiram Baloum, for the nonprofit's activities to advance the creation of a society of respect, patience and tolerance. Jasmine was established in 2006 with the goal of working to advance women small and medium business owners across all sectors of Israeli society, and for women's inclusion in senior executive positions in the Israeli economy. At the last Jasmine Conference, which was attended by a diverse cross-section of women owners of small and medium businesses, the information presented on women's participation in the Israeli business world gave rise to concern: in 2016, only 4% of small and medium businesses in Israel were exclusively owned by women. Jasmine Chair, Ms. Ofra Strauss: "Small and medium businesses account for over 98% of businesses in Israel and employ over 50% of employees in the business sector, but despite their centrality in the economy, their path to success is rife with challenges and barriers. In the case of women-owned businesses the difficulties are far greater, and they without a doubt constitute untapped potential that will enable women to play an active part in the Israeli economy. Consequently, I believe that an economy is measured in how it treats small and medium businesses that are owned by women, because here it integrates two key elements in the economy. Countries that have succeeded in bolstering these businesses and determining regular procurement from them have shown a significant improvement in metrics." Receipt of the Knesset Chairman Award represents a milestone in the great volume of activity undertaken by Jasmine with the aim of helping to further women from all sectors in filling senior positions in the Israeli economy, and to encourage women who aspire to be independent and start a business of their own. Kiram Baloum, Jasmine's CEO and founder, said at the award ceremony: "Jasmine proves, in practical terms, the great advantage inherent in the model of combining forces, of cooperation between Jews and Arabs, of the possibility of excelling and being a leader, even in the periphery. Cooperation and shared effort are, in themselves, a powerful, efficient lever and growth driver. Collaborations strengthen not only the economic foundations of the business, but also nurture, empower and better the human capital, or, in plain simple Hebrew, people. They establish a base for building a business model that strengthens women and the economy alike. It attests to the strength, essentiality and considerable impact of women on society and on the economy".
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Osnat Golan
Osnat Golan
VP Corp Communications, Digital, Sustainability & Spokesperson
+972-36752281 Send mail to Osnat Golan
Gil Messing
Gil Messing
Dir. External Communications & Government Relations
+972-3-6756713 Send mail to Gil Messing
Anat Lev-Confortes
Anat Lev-Confortes
Public Relations Manager
+972-3-6752584 Send mail to Anat Lev-Confortes