Online trading services provider Plus500 Ltd (LON:PLUS) has just announced the appointment of Elad Even-Chen as Group Chief Financial Officer, effective March 15, 2016.
Mr Even-Chen currently serves as the Finance Director and VP Business Development at Plus500 Ltd., is a director of Plus500CY Ltd. He has worked for the broker for the last four years. Mr. Even- Chen is a certified accountant in Israel and, prior to joining Plus500, served at KPMG, specialising in commerce and real estate audit. He holds a B.A. in Accounting and Economics, an LL.B Degree and an MBA (specialising in Financial Management).
Mr. Even-Chen is set to join the Board of Plus500 in due course.
The company also announces that Mrs. Inbal Marom, who is currently and has been Chief Financial Officer for the past seven years, will be appointed as VP Finance.
Plus500 also announces today that Paul Boyle, a non-executive director of the Company, will not stand for re-election at the company’s forthcoming Annual General Meeting due to be held on May 10, 2016. Mr Boyle has decided to step down, in order to focus on his existing full time executive role at Aviva plc.
Plus500 is seeking to replace Mr. Boyle with an appropriate candidate.
Commenting on the Board changes, Plus500 Chairman, Alastair Gordon, said:
“The board is grateful to Mr. Boyle for his service during a period which has seen significant regulatory challenges, but also strong process on operational business front. His contribution has been of huge value to the business and we wish him every success in the future.
“At the same time we are pleased to recognise Mr Even-Chen’s contribution to the business and the important role he plays representing the Company to shareholders and the financial markets.”
You can view the full announcement from Plus500 by clicking here.