Mr. Shanie has served as a member of the Board of Directors since 1997. In the late nineteen-eighties he was CEO of Elite Industries Ltd. He also serves as a director of Sano Intertrans Ltd, Maccabi Group Holdings Ltd., G.S.E. Capital Markets Ltd., Shanie– Aharoni Investments and Enterprises 1995 Ltd., and is a director in a number of nonprofits. He holds a bachelor’s degree in Economics and Accounting and an MBA from Tel-Aviv University, and is a certified public accountant.