Elbit Imaging Ltd., an Israeli property investment and health care company, said it named Ran Shtarkman and Dudi Machluf co-CEOs, replacing Shimon Yitzhaki, who was promoted to chairman of the board of directors.
Current chairman, Mordechay Zisser, is now executive president.
The changes are effective Jan. 1, Elbit said Sunday.
Machluf has served as Elbit Imaging's chief financial officer since 2006. Shtarkman has served as CEO of Plaza Centers N.V., a subsidiary of Elbit, since 2006. He will also continue to work as CEO of Plaza Centers.
Shares of Elbit rose 10 cents to $21.45 in morning trading.