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about clal

Who we are

Clal Industries is one of Israel’s leading investment companies; it owns a portfolio of investments that encompasses heavy industry, biotechnology, hi-tech and energy companies.

We endeavor to maximize return on capital over time, while actively pursuing relevant expansion opportunities in the local and global marketplace. In addition, we will continue to contribute substantial added value to portfolio companies.

In order to achieve our goals, we will bring together the companies in our portfolio to form a more cohesive group, sharing business concepts and practices.

Recognizing the vital role that human resources play in the achievement of business goals, we will continue to cultivate positive workplace environments; attract and retain the best personnel; empower, enrich and train management and staff to maximize their personal and professional development; and implement practices which will instill group identification, teamwork, loyalty and constant improvement.

Hands-on Involvement

Clal’s hands-on involvement in its portfolio companies is directed towards improving operations, increasing company and shareholder value, and strengthening each company’s position in its respective field. By leveraging its financial strengths and managerial resources, Clal adds value to its portfolio companies.

Opportunistic, yet Prudent

Clal adopts an opportunistic yet prudent business strategy. The company continually seeks and takes advantage of growth opportunities while carefully weighing the financial impact of its activities with a view to maximizing return.

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What we do

The Company is engaged, directly and through its subsidiaries, in acquisitions, realizations, and the development of portfolio companies in various industries.

Activities

Clal’s activities are conducted through subsidiaries, jointly controlled entities, affiliates and other companies. The Company prioritizes activities which nurture and strengthen ties with existing and potential strategic partners in Israel, and looks favorably on activities which expand its operations, or those of its portfolio companies, internationally.

Investments

The Company continually assesses investment opportunities in leading companies and in its portfolio companies while seeking to increase value by realizing investments in due time. The investment strategy priority is to maximize return on investment in the long run by choosing investment opportunities which allow current and potential market leaders to continue to achieve stable, yet ambitious growth targets.

Business Approach

Clal is continually monitoring its portfolio – pruning, expanding or infusing capital as needed – to best align itself with the key industries in the Israeli market. It focuses on a limited number of strategic holdings upon which it can exert a significant influence. The Company’s strong financial base and experience allows for a rapid response to capital market dynamics and astute financial planning and execution, thus maximizing shareholder return.

The company works as a dynamic entity bringing together its portfolio assets to create a unique network of business partners with a view to enhancing individual and group value. Extending its managerial and financial experience and its influence in the Israeli marketplace is integral to its role in its portfolio companies’ operations.

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Our company’s vision

At Clal Industries we strive to maximize shareholders’ return on investment by focusing on holdings in the following industries: industrial industries, biotechnology, hi-tech and green energy.

Recognizing the vital role that human resources play in the achievement of business goals, we will continue to cultivate positive workplace environments; attract and retain the best personnel; empower, enrich and train management and staff to maximize their personal and professional development; and implement practices which will instill group identification, teamwork, loyalty and constant improvement.

Community Service

One of the notable corporate values embraced at Clal is giving to the community in Israel. The Company provides, and will continue to provide, support for a wide range of programs and centers that provide health, welfare, educational, environmental and cultural activities, primarily to the needy.

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The Management
Board of Directors
  • Avi Fischer Chairman & CEO
  • Daniel Shinar Head of Technology Investments, CEO ClalTech
  • Dafna Gruber CFO
  • Gonen Bieber VP Finance
  • Yehuda Ben-Ezra VP Comptroller
  • Nufar Malovani, Adv. VP General Counsel and Corporate Secretary

With almost thirty years of history in some of Israel’s largest transactions, Mr. Avi Fischer is one of the most experienced and well-known figures in Israel’s business world.

In July 2012, Mr. Fischer was nominated as the Chairman and CEO of the Board of Clal Industries after Access Industries acquired 49.9% of the company (the remainder was acquired in November 2013).

Mr. Fischer is also Chairman of Clal Biotechnology and Co-Chairman of Infinity Israel-China Fund. In addition Mr. Fischer is Chairman of ClalTech, Clal Industries’ high-tech arm, and Clal Energy. Mr. Fischer serves as a director on various boards such as Nesher Cement Enterprises, Golf&Co., Jafora-Tabori and more. Prior to his involvement in Clal Industries, Mr. Fischer was a co-founder of Fischer Behar Chen Well Orion & Co., one of Israel’s leading law firms.

Mr. Fischer is a Lieutenant Colonel (res.) in the armored corps of the IDF. Mr. Fischer earned his LLB from the Tel Aviv University and was a faculty member at the Tel Aviv University Law School from 1983 to 1989.

Mr. Shinar leads Access and Clal’s tech investments in Israel and is an active member of Access’s global tech team.

He serves on board positions at both public and private companies on behalf of the group. Those companies include market leaders in the technology, retail and industrial sectors. Mr. Shinar serves as a director or board observer on various global technology companies including Rocket Internet AG (FRA:RKET), The Global Fashion Group, Lazada,  Yotpo, ZooZ and ironSource.

In addition, he serves as a board member at leading industrial and retail companies such as Golf&Co (TASE: GOLF), Nesher and others.

Before his appointment as CEO at ClalTech Shinar was VP  of Strategy and Business Development at Clal Industries and led several of the company’s main strategic deals and processes.

Mr. Shinar received alumni status from Harvard Business School, where he completed the school’s Program for Leadership Development.  He received a law degree (LLB, with honors) and an MBA from the Hebrew University of Jerusalem.

Ms. Dafna Gruber serves as Clal industries’ Chief Financial Officer

Ms. Gruber is responsible for the management of Clal’s finance business development and M&A activities

Ms. Gruber works closely with Clal’s portfolio companies, especially with regards to financing, work plans and budgets, economic and financial analysis

Ms. Gruber has over 20 years of broad experience serving as Chief Financial Officer and a senior executive management member in leading Hi-tech companies traded on NASDAQ and TASE.

Ms. Gruber served as the Chief Financial Officer of Nice Systems Ltd., a public company traded on NASDAQ and TASE responsible for Finance, Operation, MIS and IT, Legal and Investor Relations. As a member of the senior management team, Ms. Gruber was a senior member of the strategy and M&A forums of the company.

Before that, Ms. Gruber was the Chief Finanacial Officer of Alvarion Ltd., a NASDAQ and TASE listed company

Ms. Gruber is a certified public accountant and holds a Bachelor’s degree in Accounting and Economics from Tel Aviv University.

Mr. Gonen Bieber serves as Clal Industries’ VP Finance and as deputy to Johanan Locker in his capacity as CEO of Clal Heavy Industries and Real Estate.

Mr. Bieber is responsible for the management of Clal’s finances, raising debt, the management of funds and investments in the capital market, economic analysis, brokerage and Investor Relations.

In addition, Mr. Bieber is actively engaged with the CFOs of Clal’s portfolio companies, especially with regards to financing, work plans and budgets, economic and financial analysis, and networking with the capital markets.

Prior joining Clal Mr. Bieber served as Corporate Treasurer of ECI and Head of Finances and VP at IDB Development.Mr. Bieber also serves as a director in several of Clal’s portfolio companies such as Cargal and Clal Energy.

Mr. Bieber holds a MBA from Tel Aviv University, with a specialization in finance and accounting and a BA (magna cum laude) in Economics and Business Administration studies from Tel Aviv University.

Mr. Ben Ezra serves as VP Comptroller at Clal Industries since 2006. In this capacity, he is responsible for the process of preparing Clal’s financial and tax reports. He is also deeply involved with the group’s M&A, real estate development and realizations. In addition, he manages the communication with the accounting departments of Clal’s portfolio companies and the parent company Access Industries.

Prior joining Clal, Mr. Ben Ezra served as CFO at Giron Development and Building, a former public company that develops real estate projects and manages commercial real estate projects. Prior to that Mr. Ben Ezra served as CFO at Aloni Meitar Ltd and Magam Investments Ltd, former public companies .

Mr. Ben Ezra was senior manager at Lieuboshitz Kesirer Accounting Firm (merged with Ernst & Young).

Mr. Ben Ezra is a Certified Public Accountant (CPA Israel). He holds a Master of Business Administration (MBA) and a BA in Accounting and Economics (cum laude) from the Hebrew University of Jerusalem.

Ms. Malovani, Adv. is the General Counsel and Corporate Secretary of Clal Industries and also serves as Head of Human Resources.

Ms. Malovani joined Clal in 2008 and today leads Clal’s legal activities and is responsible for the Group’s Merger & Acquisitions as well as legal aspects of new investments. In addition, she manages the communication with the legal departments of Clal’s portfolio companies and the parent company – Access Industries.

Ms. Malovani serves as a Director in Golf&Co.

Prior to joining Clal, Ms. Malovani worked as a legal advisor at U Bank. Ms. Malovani also worked as a lawyer in the offices of Goldfard, Levi, Eran & Partners.

Ms. Malovani was a commander in the Israel Defense Forces.

Ms. Malovani received a law degree (LLB) and a BA in Accounting from Tel Aviv University.

  • Avi Fischer Chairman
  • Lincoln Benet Director
  • Stan Polovets Director
  • Sigalia Heifetz Director
  • Shlomo Yanai Director
The Management

Avi Fischer
Chairman & CEO

With almost thirty years of history in some of Israel’s largest transactions, Mr. Avi Fischer is one of the most experienced and well-known figures in Israel’s business world.

In July 2012, Mr. Fischer was nominated as the Chairman and CEO of the Board of Clal Industries after Access Industries acquired 49.9% of the company (the remainder was acquired in November 2013).

Mr. Fischer is also Chairman of Clal Biotechnology and Co-Chairman of Infinity Israel-China Fund. In addition Mr. Fischer is Chairman of ClalTech, Clal Industries’ high-tech arm, and Clal Energy. Mr. Fischer serves as a director on various boards such as Nesher Cement Enterprises, Golf&Co., Jafora-Tabori and more. Prior to his involvement in Clal Industries, Mr. Fischer was a co-founder of Fischer Behar Chen Well Orion & Co., one of Israel’s leading law firms.

Mr. Fischer is a Lieutenant Colonel (res.) in the armored corps of the IDF. Mr. Fischer earned his LLB from the Tel Aviv University and was a faculty member at the Tel Aviv University Law School from 1983 to 1989.

Daniel Shinar
Head of Technology Investments, CEO ClalTech

Mr. Shinar leads Access and Clal’s tech investments in Israel and is an active member of Access’s global tech team.

He serves on board positions at both public and private companies on behalf of the group. Those companies include market leaders in the technology, retail and industrial sectors. Mr. Shinar serves as a director or board observer on various global technology companies including Rocket Internet AG (FRA:RKET), The Global Fashion Group, Lazada,  Yotpo, ZooZ and ironSource.

In addition, he serves as a board member at leading industrial and retail companies such as Golf&Co (TASE: GOLF), Nesher and others.

Before his appointment as CEO at ClalTech Shinar was VP  of Strategy and Business Development at Clal Industries and led several of the company’s main strategic deals and processes.

Mr. Shinar received alumni status from Harvard Business School, where he completed the school’s Program for Leadership Development.  He received a law degree (LLB, with honors) and an MBA from the Hebrew University of Jerusalem.

Dafna Gruber
CFO

Ms. Dafna Gruber serves as Clal industries’ Chief Financial Officer

Ms. Gruber is responsible for the management of Clal’s finance business development and M&A activities

Ms. Gruber works closely with Clal’s portfolio companies, especially with regards to financing, work plans and budgets, economic and financial analysis

Ms. Gruber has over 20 years of broad experience serving as Chief Financial Officer and a senior executive management member in leading Hi-tech companies traded on NASDAQ and TASE.

Ms. Gruber served as the Chief Financial Officer of Nice Systems Ltd., a public company traded on NASDAQ and TASE responsible for Finance, Operation, MIS and IT, Legal and Investor Relations. As a member of the senior management team, Ms. Gruber was a senior member of the strategy and M&A forums of the company.

Before that, Ms. Gruber was the Chief Finanacial Officer of Alvarion Ltd., a NASDAQ and TASE listed company

Ms. Gruber is a certified public accountant and holds a Bachelor’s degree in Accounting and Economics from Tel Aviv University.

Gonen Bieber
VP Finance

Mr. Gonen Bieber serves as Clal Industries’ VP Finance and as deputy to Johanan Locker in his capacity as CEO of Clal Heavy Industries and Real Estate.

Mr. Bieber is responsible for the management of Clal’s finances, raising debt, the management of funds and investments in the capital market, economic analysis, brokerage and Investor Relations.

In addition, Mr. Bieber is actively engaged with the CFOs of Clal’s portfolio companies, especially with regards to financing, work plans and budgets, economic and financial analysis, and networking with the capital markets.

Prior joining Clal Mr. Bieber served as Corporate Treasurer of ECI and Head of Finances and VP at IDB Development.Mr. Bieber also serves as a director in several of Clal’s portfolio companies such as Cargal and Clal Energy.

Mr. Bieber holds a MBA from Tel Aviv University, with a specialization in finance and accounting and a BA (magna cum laude) in Economics and Business Administration studies from Tel Aviv University.

Yehuda Ben-Ezra
VP Comptroller

Mr. Ben Ezra serves as VP Comptroller at Clal Industries since 2006. In this capacity, he is responsible for the process of preparing Clal’s financial and tax reports. He is also deeply involved with the group’s M&A, real estate development and realizations. In addition, he manages the communication with the accounting departments of Clal’s portfolio companies and the parent company Access Industries.

Prior joining Clal, Mr. Ben Ezra served as CFO at Giron Development and Building, a former public company that develops real estate projects and manages commercial real estate projects. Prior to that Mr. Ben Ezra served as CFO at Aloni Meitar Ltd and Magam Investments Ltd, former public companies .

Mr. Ben Ezra was senior manager at Lieuboshitz Kesirer Accounting Firm (merged with Ernst & Young).

Mr. Ben Ezra is a Certified Public Accountant (CPA Israel). He holds a Master of Business Administration (MBA) and a BA in Accounting and Economics (cum laude) from the Hebrew University of Jerusalem.

Nufar Malovani, Adv.
VP General Counsel and Corporate Secretary

Ms. Malovani, Adv. is the General Counsel and Corporate Secretary of Clal Industries and also serves as Head of Human Resources.

Ms. Malovani joined Clal in 2008 and today leads Clal’s legal activities and is responsible for the Group’s Merger & Acquisitions as well as legal aspects of new investments. In addition, she manages the communication with the legal departments of Clal’s portfolio companies and the parent company – Access Industries.

Ms. Malovani serves as a Director in Golf&Co.

Prior to joining Clal, Ms. Malovani worked as a legal advisor at U Bank. Ms. Malovani also worked as a lawyer in the offices of Goldfard, Levi, Eran & Partners.

Ms. Malovani was a commander in the Israel Defense Forces.

Ms. Malovani received a law degree (LLB) and a BA in Accounting from Tel Aviv University.

Boards of Directors
  • Avi Fischer Chairman
  • Lincoln Benet Director
  • Stan Polovets Director
  • Sigalia Heifetz Director
  • Shlomo Yanai Director
access-logo
Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist, Access is an international industrial concern with strategic investments in the United States, Europe and South America. Access has corporate offices in New York, London and Moscow.

Access Industries (AI) is a major international conglomerate with significant investments in a wide variety of companies worldwide. Its focus lies in four key areas: Natural Resources and Chemicals, Media and Telecommunications, Real Estate, and Technology and E-commerce.

Among Access Industries’ principal holdings in the Natural Resources and Chemicals area are LyondellBasell Industries, an American multinational chemicals company, UC Rusal, a leading global aluminium firm and EP Energy, a North American oil and natural gas producer.

In Media and Telecommunications, AI owns Warner Music Group, one of the world’s major music companies. It also has a majority stake in Amedia, Russia’s largest producer of television series. In addition, AI owns a large majority stake in Perform, a world leader in monetizing sports rights in digital media.

Access Industries also owns significant real estate, including the Grand-Hôtel du Cap-Ferrat, a premier hotel property on 17 acres of landscaped gardens in the Côte d’Azur. In 2014 Access acquired the One&Only Ocean Club on Paradise Island in The Bahamas, a 36-acre beachfront site. Access Industries also has real estate investments in Argentina, where the Faena Group is currently developing the Faena Art District, a 300,000 square-meter construction space that began with the reconstruction of the El Porteño building, a century-old structure, and the creation of the Faena Hotel and Universe.

Access is also quickly developing its technology and e-commerce operations. Among its key holdings in this industry are Rocket Internet, a German VC whose mission is to become the world’s largest Internet platform outside the USA and China, and which undertook its IPO in 2014. Access is also a major investor in Gett, a free app that allows customers to book taxis with their mobile devices. In addition, Access owns a significant stake in Tory Burch LLC, a luxury lifestyle brand. Access’s other major holdings in the industry include Zalando, a leading European online retailer, Ule.com, an omni-channel e-commerce Chinese marketplace and Tango, a leading mobile messaging service.

Visit Access Industries