The battle for the position of chairman of Isracard has officially...

Isracard credit card company Published this morning (Sunday) the list of candidates for the company’s board of directors.

Board elections are expected to be critical this time around, as they have dramatically changed the board mix, with at least five new directors. Once the election results are known, the board will elect a new chairman to replace Eyal Desha, who recently announced that he would resign.

The main candidates for the position of chairman are Tamar Yasur, former CEO and chairman of Leumi Card, Erez Yosef, former deputy CEO of Bank Hapoalim, and Amnon Dick, former CEO of Bezeq.

Eyal Desha, outgoing chairman of Isracard Photo: Uriel Cohen

Yosef has a hurdle on his way to the job, and it is the cooling-off agreement he has with Bank Hapoalim. In a statement to the stock exchange, Isracard wrote in this context that “the candidate informed the company that as long as there is such an impediment, then he can regulate it.” According to estimates, the intention is that Yosef will agree to waive payments he receives as part of his retirement agreement from the bank managed by Dov Kotler. The question is whether this waiver will be sufficient to be released from the cooling agreement.

Yasur serves as chairman of the real estate investment company Into (a position previously held by Kotler, who is considered to have a friendly relationship with her), and also serves, among other things, as a director at Meitav Dash. In the announcement to the stock exchange, Yasur wrote that if she is selected for Isracard, she will leave Meitav Dash, and will also stop serving as a consultant at Paz and Bituach Yashir.

In addition to the three, Ilan Cohen, former director of Discount, Bnei Shizaf, former CEO of Phoenix, Danny Yemin, former CEO of Microsoft Israel, Shai Feldman, former CEO of AIG, as well as the current directors, Yoram Weisberm and Matityahu Tal. Out of the total of nine candidates, five will be selected.

There are four candidates in the foreign exchange category: Hannah Friesen, a former senior executive at Bank Hapoalim and chairman of portfolio management activists, Naama Gat, former marketing director of Mizrahi Tefahot, Zvi Furman and Tzafrir Holzbert. Two of the four will be selected for the position.

In the announcement to the stock exchange, Isracard detailed the activities of the Committee for the Appointment of Directors, and revealed that more than 100 applications were made by candidates who wanted the position, either as a direct application by the committee to potential candidates or from the company’s shareholders and potential candidates. In total, the committee held about 20 committee meetings, in addition to about 20 candidate interviews.