Propper retires after 56 years on the firm the place he was CEO for 25 years and chairman for the previous 17 years.
Osem chairman Dan Propper (81) has introduced that he’s stepping down on the finish of the yr after 56 years on the Israeli meals firm. Propper joined Osem in 1966 after finding out engineering on the Technion, Israel Institute of Know-how in Haifa. Two years later he was appointed supervisor of the corporate’s first plant in Bnei Brak. Since then Propper has served in a spread of key positions within the firm. He was CEO for 25 years and chairman for the previous 17 years.
In 1992, Propper led Osem’s IPO on the Tel Aviv Inventory Trade (TASE) and he initiated and created the reference to world meals big Nestle, main the negotiations for Osem’s merger into Nestle in 2016. Propper additionally served as president of the Producers Affiliation of Israel for six years.
Osem Nestle CEO Avi Ben Assayag mentioned, “Along with his laborious work and imaginative and prescient, Dan charted the way in which for Osem’s transformation from a small firm to a number one meals concern in Israel, in addition to establishing it as a major firm in Nestlé, the most important meals firm on this planet. Dan is a pillar of society and Israeli business, labored to develop and set up factories within the periphery, served as president of the Producers’ Affiliation and made a major contribution to the development and growth of business, the financial system and the nation.
“Dan is a frontrunner, instructor and information of many workers and managers at Osem, and of generations of senior executives, of the varied CEOs and likewise of me personally. Through the years now we have acted on his imaginative and prescient and benefited from his many insights, life knowledge and expertise which can be distinctive to him. I wish to thank him personally and on behalf of 1000’s of Osem staff for the massive endeavor that he constructed and leaves for future generations.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on October 30, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
Dan Propper credit score: Osem PR