Gazit Globe Announces the Appointment of Adi Jemini, CPA, as Its Next Chief Financial Officer

Mr. Jemini Will Succeed Gil Kotler, Who Will be Stepping Down as the Company's CFO on March 31st 2016

TEL-AVIV, Israel, Aug. 24, 2015 (GLOBE NEWSWIRE) -- Gazit-Globe (NYSE:GZT) (TSX:GZT) (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 Mr. Adi Jemini has been appointed as the Company's Chief Financial Officer and as a member of its Executive Committee, effective as of April 1, 2016, following a transition process. Mr. Jemini will succeed Mr. Gil Kotler, who is stepping down as the Company's EVP and CFO after 18 years of service.

Mr. Jemini, 37, a Certified Public Accountant, has previously held several senior positions within the Company. For the past three years he has served as Chief of Staff to the Company's Chairman, Mr. Chaim Katzman. Jemini has worked closely with the senior management teams of all of the Company's subsidiaries. He has also been involved in the M&A activity of the Group.

Previously, Mr. Jemini served for almost three years as Regional Controller of Equity One Inc., the Company's U.S. subsidiary. In this position, he was responsible for the entire West Coast and South Florida regions, with direct supervisory authority over the finance accounting of more than 60 of Equity One's shopping centers with an aggregated value of approximately $1.7 billion and generating an annual net operating income (NOI) in excess of $100 million.

Prior to joining Gazit-Globe, Mr. Jemini served for seven years in a US affiliate of the global accounting firm Deloitte, in the audit and assurance practice where his last position was that of an Audit Manager for international companies active mainly in the real estate sector.

Mr. Jemini holds a Bachelor of Science degree in Accounting and Information Systems from the Virginia Polytechnic Institute and State University (Virginia Tech), graduating summa cum laude in 2003. He has been a Certified Public Accountant in the U.S. since 2005.

The Company's incoming CEO, Mrs. Rachel Lavine commented: "Adi brings a unique combination of knowledge and experience, together with a diverse skill set that complements the Company's core businesses, including an in-depth understanding of financial processes in global markets as well as practical operational experience in the shopping center industry, and a thorough knowledge and understanding of our subsidiaries. I look forward to working together with Adi at this pivotal time in the Company's growth."