Global City Holdings
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03

Sep

Resignation by Mr. Amos Weltsch from his position of Member of the Board of Managing Directors

The Board of Managing Directors of Cinema City International N.V. (the “Company”) informs that on 1 September 2013 the Company received from Mr. Amos Weltsch his resignation, effective as of that date, from senior management positions held in the Company: Member of the Board of Managing Directors, Chief Operating Officer and Head of the Construction Department. Mr. Weltsch, after 33 successful years in the Company, decided to step down from his role in order to pursue personal projects.

 

Mr. Amos Weltsch will continue to be involved with the Company in various projects and areas as a Special Advisor to the President of the Board of the Managing Directors until his retirement at the end of 2014.

 

Currently the Management Board of Cinema City International is composed of two members: Mr Moshe Greidinger and Mr Israel Greidinger, who perform all tasks and duties of the Management Board of the Company.