In memoriam Dan David

In 2005, he was appointed Honorary Life President of the Company in recognition of his significant contribution to the development of the Company and its Group.

David also served on the Board of Governors of Tel Aviv University and founded the internationally recognized Dan David Prize. Amongst honours conferred on him, Dan was a Knight and Commander of the French Republic and Commander of the Italian Republic in the Order of Merit.

Serge Crasnianski, CEO, commented: "This is a very sad day. Dan was a charming man who continued to work with tremendous energy, despite his advancing years. He contributed more than anyone to the growth of the Group during the 1960’s to the 1990’s and continued to be a wise and respected colleague. Our thoughts are with his wife and son at this time."