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Article: Africa Israel discusses Grofman's future

Article from:
Jerusalem Post
Article date:
August 21, 1996
Author:
Copyright

GALIT LIPKIS BECK
Jerusalem Post
08-21-1996
THE Africa Israel holding company's board of directors held a lengthy meeting yesterday to discuss the future of the firm, including the fate of general manager Shlomo Grofman. At press time no decision was made on the issue.

Financial circles in Tel Aviv were rife with rumors that Grofman is expected to step down before Bank Leumi, the parent company, fires him. Among the names mentioned as his replacement is Moshe Weidman, Revlon general manager. An Africa Israel spokesman refused to comment.

On Monday, Africa Israel's employees and management published an advertisement in Ha'aretz in support of Grofman.

During the last few months, Leumi's ...

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