#Israel #Max Stock #Caesarea #Guy Edri #Shelly Beinhorn

Max Stock Limited Updates Board Composition

Max Stock Limited, a prominent player in Israel's retail sector, has announced key changes to its board of directors after the annual general meeting held today. This decision is pivotal for the company as it navigates the evolving retail landscape.

In an official statement, Max Stock (TASE: MAXO) disclosed that Mr. Guy Edri and Ms. Shelly Beinhorn have been appointed as independent directors, effective immediately. Both directors bring a wealth of experience and professional qualifications to the table, underscoring the company's commitment to maintaining a robust governance structure.

New Board Members

Guy Edri

• - Date of Birth: September 19, 1973
• - Role: Independent Director
• - Address for Legal Process: 20 Mizan Street, Tel Aviv
• - Education and Qualifications: Although Guy holds a professional qualification, he does not meet the criteria set by the board regarding accounting and financial expertise. Notably, he currently serves as the CEO of VIDAA USA Inc. since May 2023, and previously held the position of President of the same company from January 2018 to April 2023. Additionally, he has board roles at Exit Electronics Ltd and New Display Ltd.

Shelly Beinhorn

• - Date of Birth: November 14, 1982
• - Role: Independent Director
• - Address for Legal Process: 49C Yad Lebanim St., Petah Tikva
• - Education: Shelly holds honors degrees in International Relations and Public Communication as well as an LLB from Bar Ilan University. She has extensive experience, having served as the corporate secretary for Bank Leumi Le-Israel and for Bezeq, the Israel Telecommunications Company.

The appointments of Edri and Beinhorn come as the company also bids farewell to Ms. Limor Brik-Shay, who will complete her term as an ordinary director. Her tenure, which began on July 20, 2017, concludes on the same date as these new appointments, marking a significant transition.

Company Overview

Max Stock Limited has established itself as Israel's leading extreme value retailer, operating in 64 locations nationwide. The company focuses on delivering a variety of quality products at affordable prices, enabling customers to make the most out of their spending—living up to their motto, "Dream Big, Pay Small."

The recent changes in the board are indicative of Max Stock's strategic efforts to optimize its leadership and governance as it faces competitive pressures in the retail environment. With a combination of fresh perspectives from Edri and Beinhorn, the company is well-positioned to tackle the challenges of today’s retail market.

For additional details, you can explore their Investor Relations page at Max Stock IR.

This announcement follows numerous other updates from Max Stock, including changes in shares held by interested parties, reinforcing the company's active engagement with its stakeholders and the investment community. Stay tuned for further updates as Max Stock continues to evolve its corporate structure and market presence.