Kosher food specialist G. Willi-Food International has expanded its finance team, the company has announced.
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Will-Food has appointed Gil Hochboim in a mergers and acquisitions role, and named Yaron Levy as its chief financial officer.
The appointments come just days after Israeli tycoon Arcadi Gaydamak bought a 45% stake in Willi-Food Investments, the company’s principal shareholder.
Gaydamak paid the vehicle’s majority owners, Zwi and Joseph Williger, some NIS171.3m (US$40.5m) for the shareholding.
Hochboim, who was the company’s chief financial officer from 2000 to 2006, returns to take up the role of vice president with responsibility for mergers and acquisitions and general operations. The company said it had brought in Hochboim in order to “support the company’s increasing global reach and further anticipated growth”.
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By GlobalData“We are taking appropriate measures to ensure that our corporate infrastructure is sufficient to support our rapid growth and international expansion,” CEO Zwi Williger said. “In the first quarter alone, we acquired a US distributor and established a joint venture with the Baron family. We intend to pursue additional acquisitions, as well as increase our penetration into the US market, which will add new elements of complexity to the business and require additional management expertise.”
Before his first spell with Willi-Food, Hochboim worked for Ha’menia Goods Transport Corp. and Dan Hotels Corp.
Levy, meanwhile, will join Willi-Food as CFO on 1 August. Levy, who will also provide the company’s principal shareholder Willi Food Investments with certain financial services, was formerly a senior manager at Ernst & Young, Israel.
