The Israeli shipping company Zim is looking for a new CEO: the current President and CEO Eli Glickman has announced that he is leaving the company.
Glickman informed the shipping company’s Supervisory Board of his decision. He will continue to serve as CEO during a six-month notice period to ensure smooth business operations during the transition period until a successor has been appointed. The Supervisory Board will begin the search for a new CEO of the shipping company in the coming weeks.
“When I joined Zim nine years ago, I did so after careful consideration, but with absolute determination,” said Glickman. “I believed in this company, I believed in its people and I believed that with the right strategy, discipline and courage, we could make Zim a stronger, more innovative and more resilient global player. Together we have achieved just that.”
In recent years, Zim has achieved an almost “astonishing turnaround”. This is thanks to the global team. “I am deeply proud of what we have achieved together and I am grateful to every single employee, in every country and in every role, for their contribution to this success,” said Glickman.
Reaction to takeover by Hapag-Lloyd
Zim is to be taken over by the Hamburg-based shipping company Hapag-Lloyd; in February, the two companies signed a contract worth $4.2 billion. The acquisition would secure Hapag-Lloyd’s position on the global market. Commenting on the ongoing merger process, the outgoing CEO said: “I respect the Board’s decision, but after careful consideration I have come to the conclusion that I cannot continue in my position as CEO of Zim. I have always dedicated myself wholeheartedly to this position. For me, leadership is not a title, but an obligation that must be aligned with the goals that lie ahead.”
A key concern during this time has been to secure the future of the Zim team. “Our employees have also been through a very challenging time of war, and I have felt a deep responsibility to lead with prudence and care,” Glickman said. “With the transition process now underway, I believe now is the right time to make this move.”
