Israel Corporation Ltd. and Oil Refineries Ltd. announced that Mr. Avisar Paz will finish his role as the CEO of the Company and will continue to serve as a director in both Israel Corporation Ltd. and Oil Refineries Ltd. and Mr. Yoav Doppelt will be appointed as the CEO of the Company and will lead the updated strategy in parallel to his position as Chairman of the Board of Israel Corporation Ltd. The date of Mr. Avisar Paz's termination of office and Mr. Yoav Doppelt's beginning of office is expected to take place during the second quarter of 2019.