Israeli supermarket operator Blue Square-Israel has announced that its vice president and chief financial officer Zvi Bochman is to leave the company, as of 30 September.

Blue Square said Bochman’s departure was “according to a mutual understanding.” The company did not name a successor for Bochman.

Blue Square, which operates over 160 supermarkets in Israel, reported in August a second-quarter loss of NIS28.4m (US$6.4m), compared to a year-earlier profit of NIS38.5m. Before one-time charges, the company posted a profit of NIS10.9m.