Israel Chemicals appoints Stefan Borgas as new President & CEO

Israel Chemicals appoints Stefan Borgas as new President & CEO

12:08 PM, 17th August 2012
Israel Chemicals appoints Stefan Borgas as new President & CEO
(From Left) Akiva Mozes, Nir Gilad and Stefan Borgas, the new management of Israel Chemicals.

TEL AVIV, ISRAEL: Israel Chemicals’ Board of Directors have appointed Stefan Borgas as new ICL President and CEO, effective September 20, 2012. Borgas will succeed Akiva Mozes, who has been ICL’s President & CEO for the past 13 years and will be  retiring on the same date following 37 years of service to ICL. Also, Akiva will take on the new position as Chairman of Oil Refineries Ltd.

Prior to this post, Borgas (48), served as CEO of Lonza Group Ltd. He also serves as a Director of Syngenta, the world’s largest and most prominent seeds and agrochemicals producer. Added to this, Borgas served in number of senior positions at BASF, for 14 years. Borgas is currently in the process of relocating to Israel, where he will create his new home. The appointment followed a comprehensive, 8-month search process carried out by a special CEO search committee.

“Stefan Borgas has spent his entire career in the heart of the chemical business and his exceptional talent, charisma and managerial capabilities have made him a pursued candidate for some of the chemical industry’s most influential senior management positions. We believe that he is ideal to become ICL’s new CEO,” said Nir Gilad, Chairman, ICL.

“I consider it a privilege and an exciting opportunity to assume the leadership of one of the world’s most prominent fertilizer and specialty chemical companies. As someone who has grown to value Israel’s industry through my work with other leading Israeli companies, I am delighted to make Israel and ICL my new professional home,” said Borgas, commenting on his appointment as CEO.

© WOC News

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