November 19, 2017 / 7:43 AM / a year ago

Israel Oil Refineries CEO steps down

TEL AVIV, Nov 19 (Reuters) -

* Israel’s Oil Refineries said on Sunday its chief executive officer Avner Maimon submitted his resignation after a little more than two years in the post.

* His resignation will take effect no later than Feb. 28, 2018, Israel’s largest refinery said.

* “In the past two years the company has undergone investments and complex renovations ... transitioning to a good strong profitability and a reduction in the company’s impact on the environment despite the difficult regulatory environment,” Maimon said.

* The company and Maimon, who became CEO in September 2015, did not provide further details.

* Oil Refineries is controlled by conglomerate Israel Corp. . (Reporting by Tova Cohen)

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