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Dvash Gets Second Term as Israel Bourse President

Nov 2, 2017 9:59 AM   By Rapaport News
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RAPAPORT... Yoram Dvash has won a second term as president of the Israel Diamond Exchange (IDE) after running uncontested, the bourse announced.

The IDE’s general assembly approved Dvash (pictured) for a three-year term on Tuesday. No bourse-wide election took place as he was the only candidate, an IDE spokesperson said. While Dvash’s first term lasted two years, the exchange recently changed the rules to make presidential terms three years, the spokesperson continued.

There were also changes to the IDE’s 16-person board of directors following elections on Wednesday, as well as to the audit committee and the bodies that represent tenants of the bourse.

In a post on his Facebook page Wednesday, Dvash said leaders of the IDE would meet in the coming days to put their plans for the bourse into action.

“I promise to continue to provide a sympathetic ear and keep my door open to everyone, and to work as hard as possible to advance the trade in all possible arenas,” he said.

Dvash, the owner of Y. Dvash Diamonds, won his first term in December 2015 when he defeated Arnon Yuval in a vote, succeeding longtime president Shmuel Schnitzer.
Tags: Arnon Yuval, Dvash, elections, IDE, Israel Diamond Exchange, Rapaport News, Shmuel Schnitzer, Yoram Dvash
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