November 27, 2016 / 8:08 AM / a year ago

Gazit-Globe CEO Lavine resigns, to be replaced by Dori Segal

JERUSALEM, Nov 27 (Reuters) - Gazit-Globe, Israel’s largest real estate development firm, said on Sunday Chief Executive Officer Rachel Lavine will step down on Jan. 31 and be replaced by executive vice chairman Dori Segal.

The company did not provide a reason for Lavine’s resignation.

Segal had served as Gazit’s CEO between 1998 and 2008 and CEO of Canadian unit First Capital Realty (FCR) from 2000 to 2015. He is currently chairman of FCR.

Lavine agreed to continue to serve as vice chair of Gazit subsidiary Atrium European Real Estate. (Reporting by Steven Scheer)

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