Plus500 CEO Asaf Elimelech to step down

20th Apr 2020 08:03

(Sharecast News) - Online trading platform Plus500 said on Monday that Asaf Elimelech has decided to step down from his role as chief executive officer.
Elimelech, who joined the group in 2012 and became CEO in 2016, has tendered his resignation from the board and the company with immediate effect. He has a 12-month notice period and will stay on in a transitional role alongside chief operating officer David Zruia, who will assume the role of interim CEO.

Zruia has been at Plus500 since 2010, when he joined as a senior marketing manager. He was appointed as COO in 2013.

Chairman Penny Judd said: "The board believes that David Zruia is well qualified to act as interim CEO during the transition period; he is an experienced manager with a deep understanding of the business who has demonstrated sound leadership during his time with Plus500.

"We look forward to making a permanent CEO appointment as soon as possible and are confident that we will find a suitable candidate to lead the business and further its success."