After the board of directors of Clal Insurance Enterprises Holdings Ltd. Clal Insurance Company refused the demand of company chairman Dan Naveh concerning the continued employment of CEO Yoram Naveh (no relation), and decided that the matter would not be discussed in 2020, Dan Naveh announced his wish to step down from his post with immediate effect. This brings to an end the confrontation between the chairman and the CEO which arose from the chairman's initiative to remove the CEO in early May, an initiative that backfired on him. The decision on shortening the notice period for Dan Naveh's resignation lies with the board, which will probably approve it and choose a new chairperson, perhaps a temporary one.