Gazit-Globe
Roni Soffer, Gazit-Globe’s President, is Stepping Down After Serving the Company for 19 Years; Rachel Lavine Will be Appointed President of Gazit-Globe

DGAP-News: Gazit-Globe

2015-06-01 / 09:27

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 During his Tenure the Equity Market Capitalization of the Company Grew by 165%
  from NIS 3.25 Billion to NIS 8.6 Billion and its Total Return to Shareholders
                    was 140% vs. 87% of the EPRA Global Index

Chaim Katzman and Dori Segal: 'Roni is one of the cornerstones of the Group and
had a big part in its transformation into a global company operating in over 20
    countries with assets under management of approximately US$ 21 billion.'

TEL-AVIV, Israel, June 1, 2015 (GLOBE NEWSWIRE) -- Gazit-Globe (NYSE:TSX)
(TASE:GZT), one of the world's leading multi-national real-estate companies
focused on the management, acquisition, development and redevelopment of
supermarket-anchored shopping centers in major urban markets, announced today
that Roni Soffer, its President, is stepping down towards the end of the year
after serving the Company for 19 years of which 6.5 years were as president.
Rachel Lavine will be appointed President of Gazit-Globe. 

Rachel (Rocha) Lavine served over the last 6 years as CEO of the Company's
subsidiary, Atrium, and currently serves as Chairman of Gazit-Globe Israel,
Deputy Chairman of Atrium, and as a director on the boards of Gazit-Globe and
Citycon. 

Soffer (44) joined Gazit-Globe in 1997 as an analyst and served in a number of
senior positions. During his tenure, Mr. Soffer gained expertise in health care
and retail real-estate and was involved in the M&A activity and the global
development of the Group. In 2001, he became a vice president in Gazit-Globe
and in 2002 he was named President and CEO of Gazit-Group USA in Miami,
Florida, where he established and managed the Group's healthcare real estate
private platform while working on the M&A and capital markets fronts globally. 

In 2009, he was appointed Gazit-Globe's President. He also serves as executive
Chairman of ProMed Properties and as a director of Atrium and other
subsidiaries of the Group. In 2011 he led Gazit-Globe's IPO on the New York
Stock Exchange (NYSE) and in 2013 its listing on the Toronto Stock Exchange
(TSX). For the last few months, Soffer has served as interim CEO of Dori Group
and assisted in its stabilization efforts. 

During his tenure at Gazit Globe, total return to shareholders was
approximately 140 % compared to an increase of about 87% in the EPRA Global and
the Company's equity market capitalization increased by 165 % from NIS 3.25
billion in 2009 to NIS 8.6 billion in 2015; the Company's annual dividend to
shareholders increased by 30 % from NIS 1.42 to NIS 1.84 per share; LTV
decreased from 66.7 % to 49.3 %; and the Company's local credit rating was
upgraded by S&P from Ail+ negative to AAil- and from A1 to Aa3 by Midroog. 

Chaim Katzman and Dori Segal: 'We are proud of Roni's career path which is
deeply intertwined with the global growth story of Gazit-Globe. Roni is one of
the cornerstones of the Group and played a big part in its transformation into
a global company operating in over 20 countries with assets under management of
approximately US$ 21 billion. Roni has many years ahead of him in senior
management positions in many other fields of his choice. Any organization in
which he will work with will greatly benefit from his capabilities and we wish
him all the best in his future endeavors.' Roni Soffer: 'After 19 intense years
at Gazit-Globe, which in fact, was my only workplace, I decided to step down
and turn to new personal and professional challenges. I had the privilege of
working in one of the world's leading real estate companies and to share in its
transformation from a small Israeli based company into a significant global
player. I am grateful to Chaim Katzman and Dori Segal, for the partnership and
friendship that they gave me over the years, as well as to the Group's various
management teams and employees globally.' 

About Gazit-Globe

Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. Gazit-Globe is listed on the New York Stock Exchange
(NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock
Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in
Israel. As of December 31, 2014 Gazit-Globe owns and operates 524 properties in
more than 20 countries, with a gross leasable area of approximately 6.3 million
square meters and a total value of approximately US$ 21 billion. 

FOR ADDITIONAL INFORMATION

A comprehensive copy of the Company's annual report is available on Gazit-Globe
website at www.gazit-globe.com 

Investors Contact: IR@gazitgroup.com, Media Contact: press@gazitgroup.com

Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000 / New York
Office, Tel: +1 212 897 9741 

FORWARD LOOKING STATEMENTS

This release may contain forward-looking statements within the meaning of
applicable securities laws. In the United States, these statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve a number of known and unknown risks
and uncertainties, many of which are outside our control, that could cause our
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or contribute to
such differences include risks detailed in our public filings with the SEC and
the Canadian Securities Administrators. Except as required by applicable law,
we undertake no obligation to update any forward-looking or other statements
herein, whether as a result of new information, future events or otherwise. 


         Gazit-Globe Ltd.
         1 HaShalom Rd.
         Tel Aviv, Israel 67892
         +972 3 694 8000
         
         For additional information:
         Gil Kotler,
         Senior Executive VP and CFO
News Source: NASDAQ OMX



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2015-06-01 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English       
Company:     Gazit-Globe   
 
 
             Panama        
ISIN:        PAL0605071A3  
 
 
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