YAVNE, Israel, Jan. 17,
2023 /PRNewswire/ -- G. Willi-Food International
Ltd. (NASDAQ: WILC) (the "Company" or "Willi
Food"), a global company that specializes in the development,
marketing and international distribution of kosher foods, announced
today that the Company's board of directors has appointed Mr.
Joseph Williger, one of the
Company's controlling shareholders and until now its Co-Chairman of
the Board, as CEO to replace Mr. Erez
Viner whose term of officer as CEO of the Company will end
effective today. Mr. Viner will continue to provide his services to
the company in the field of business development, logistic
operation and leading the establishment of the company's new
logistic center. Mr. Williger's appointment as CEO is subject to
approval of the shareholders in accordance with the provisions of
the Companies Law, 5799-1999. The Company intends to convene a
shareholder meeting for this purpose in the near future.
About G. Willi-Food International Ltd.
G. Willi-Food International Ltd. (http://www.willi-food.co.il)
is an Israeli-based company specializing in high-quality,
great-tasting kosher food products. Willi-Food is engaged directly
and through its subsidiaries in the design, import, marketing and
distribution of a wide variety of over 600 food products
world-wide. The Company's products are marketed and sold to
approximately 1,500 customers and 3,000 selling points in
Israel, including to supermarket
chains, wholesalers and institutional consumers. The Company
markets most of its products under the brand name "Willi-Food," and
some of its chilled and frozen products under the brand name "Euro
European Dairies". Certain products are marketed under brand names
of other manufacturers or under other brand names. In addition, the
Company distributes some of its products on an exclusive basis
This press release contains forward-looking statements within
the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our
future performance, such as statements regarding trends, demand for
our products and expected sales, operating results, and earnings.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied in those forward-looking
statements. These risks and other factors include but are not
limited to: monetary risks including changes in currency exchange
rates- especially the NIS/U.S. Dollar exchange rate, payment
default by any of our major clients, the loss of one of more of our
key personnel, changes in laws and regulations, including those
relating to the food distribution industry, and inability to meet
and maintain regulatory qualifications and approvals for our
products, termination of arrangements with our suppliers, in
particular Arla Foods, loss of one or more of our principal
clients, increase or decrease in global purchase prices of food
products, increasing levels of competition in Israel and other markets in which we do
business, changes in economic conditions in Israel, including in particular economic
conditions in the Company's core markets, our inability to
accurately predict consumption of our products, our inability to
successfully integrate our recent acquisitions, insurance coverage
not sufficient enough to cover losses of product liability claims
and risks associated with product liability claims. We cannot
guarantee future results, levels of activity, performance or
achievements. The matters discussed in this press release also
involve risks and uncertainties summarized under the heading "Risk
Factors" in the Company's Annual Report on Form 20-F for the year
ended December 31, 2021, filed with
the Securities and Exchange Commission on March 15, 2022. These factors are updated from
time to time through the filing of reports and registration
statements with the Securities and Exchange Commission. We do not
assume any obligation to update the forward-looking information
contained in this press release.
Company Contact:
G. Willi Food International Ltd.
Yitschak Barabi, CFO
(+972) 8-932-1000
itsik.b@willi-food.co.il
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SOURCE G. Willi-Food International Ltd.
