ICL announces planned departure of President and CEO Raviv Zoller

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, announced that Raviv Zoller, the company's president and CEO for the past seven years, is expected to leave the company in early 2025, following both the appointment of a replacement and a formal transition.

In a letter to the company's employees, Zoller wrote, ″I feel great pride, mixed with sorrow, as I announce my expected retirement from the position as president and CEO of ICL. Over the past seven years at this amazing organization, I have come to know our employees who give their heart and soul to the company. Together, we have turned ICL into an outstanding employer, a company that strives for innovation, and a place where everyone can influence success. We have nurtured our internal and global partnerships, as we have dealt with significant external challenges. Regardless, we have focused on continuous learning and improvement and can be proud of the strength of the company, which functions as a well-oiled machine – innovative, very profitable, robust, and focused, which generates consistently strong cash flow.

″Since taking office, I have been involved in all strategic and long-term planning, including succession planning for my role, and I will be parting ways with an even stronger company than the one I joined seven years ago. I am leaving the board of directors with a talented and strong management team, a solid organizational structure, and a promising five-year plan. I expect the selection and transition processes will be quick and will be completed by the release of our annual financial statements.

″Most of all, I want to thank my family – especially my wife Miri – who has supported me and helped me meet the very challenging demands of this role. May I know how to support her with the same total dedication."

"During Raviv's tenure, ICL has enjoyed unprecedented success across its key operations. The company's exceptional management team and employees – who have been the foundation of ICL’s success for decades – have led significant disruption in the company's approach to innovation and sustainability. Under Raviv's leadership, the company has successfully executed against its strategy and significantly increased the profitability of its products,″ said ICL Chairman, Yoav Doppelt.

″Upon joining the company, Raviv quickly turned ICL into his second family, as strong relationships have always been highly regarded by all employees around the world. Despite the significant challenges and global crises during his tenure, he was able to lead the company wisely and calmly, while safeguarding its employees and assets. ICL's managers and employees have continued to build and develop the company on the basis of Raviv's initiatives, and as new technologies continue to proliferate, the company will maintain its focus on growing its product offerings around the world. The company's Board of Directors thanks Raviv for seven years of joint work and mutual appreciation, and I personally wish him success and prosperity in his future endeavors."