Israel-based G. Willi-Food has announced its board has “ended the term office” of the company’s president, Iram Graiver.

NASDAQ-listed G. Willi-Food made the announcement in a short statement to the US stock market yesterday (5 July).

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No reason was given for Graiver’s departure and G. Willi-Food did not respond to just-food’s questions on the announcement.

The statement read: “G. Willi-Food International announced today that the company’s board of directors has ended Mr. Iram Graiver’s term of office as president of the company. The company expects to nominate a CEO in the coming days to replace Mr. Graiver.”

Graiver joined G. Willi-Food from technology firm TSG in 2015. He replaced Gil Hochboim, who was then the company’s CEO and CFO. No reasons were given for the change.

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In March, Graiver indicated G. Willi-Food was looking at possible acquisitions to expand its position after a year of lower sales but higher profits.