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FOR IMMEDIATE RELEASE
G. WILLI-FOOD APPOINTS ALBERT ISRAELI
CHIEF FINANCIAL OFFICER
ENHANCES RETAIL AND WHOLESALE EXPERTISE
YAVNE, ISRAEL - OCTOBER 17, 2006 - G. WILLI-FOOD INTERNATIONAL LTD. (NASDAQ:
WILC) (the "Company" or "Willi Food"), one of Israel's largest food importers
and a single-source supplier of one of the world's most extensive range of
quality kosher food products, today announced that it has appointed Albert
Israeli to the position of Chief Financial Officer, replacing Gil Hochboin,
effective immediately.
Mr. Zwi Williger, President and COO of Willi-Food commented, "We are pleased to
welcome Albert and look forward to his contributions. His experience in finance,
sales and operations in the retail and wholesale industry will be invaluable as
we pursue our international expansion strategy."
Prior to joining Willi-Food, Mr. Israeli served as financial controller and
sales and operations manager of Golf & Co Group Ltd., a publicly-traded,
nationwide retail company, marketing imported brands of fashion dressing in
Israel. Between 2000 and 2003, Mr. Israeli was financial controller of Isfar
Ltd., a retail company marketing imported Sony products exclusively in Israel.
From 1997 to 2000, Mr. Israeli was a senior accountant at Sharony Sheffler, an
accounting firm in Israel. Mr. Israeli received his Bachelor's degree in
Business Administration and Accounting from the College of Management in Israel
and an MBA in Business Administration from the College of Management. Mr.
Israeli is a certified public accountant.
Mr. Israeli said, "Willi-Food has strong financial fundamentals and high margins
compared to industry peers. I am delighted to join the Company at this exciting
time in its development. Willi-Food is a household name in Israel, and our goal
is to extend the Company's reach into rapidly growing international markets and
enhance shareholder value."
"We thank Mr. Hochboin for his service and wish him well in his future
endeavors," added Mr. Williger.
ABOUT G. WILLI-FOOD INTERNATIONAL, LTD.
G. Willi-Food International Ltd. is one of Israel's largest food importers and a
single-source supplier of one of the world's most extensive ranges of quality
kosher food products. It currently imports, markets and distributes more than
400 food products manufactured by some 100 top-tier suppliers throughout the
world to more than 1,000 customers. The Company excels in identifying changing
tastes in its markets and sourcing high-quality kosher products to address them.
For more information, please visit the Company's website at
www.willi-food.co.il.
EXCEPT FOR HISTORICAL INFORMATION CONTAINED HEREIN, THE MATTERS SET FORTH IN
THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS THAT ARE DEPENDENT ON CERTAIN
RISKS AND UNCERTAINTIES, INCLUDING SUCH FACTORS, AMONG OTHERS, AS MARKET
ACCEPTANCE, MARKET DEMAND, PRICING, COMPETITION, CHANGING ECONOMIC CONDITIONS
AND OTHER RISK FACTORS DETAILED IN THE COMPANY'S SEC FILINGS.
CONTACT:
G. Willi Food International Ltd.
Albert Israeli, CFO
(+972) 8-932-2233
albert@willi-food.co.il
IR CONTACT:
The Global Consulting Group
Christopher Chu
(646) 284-9426
cchu@hfgcg.com