Tnuva Food Industries chairperson Zehavit Cohen announced on Sunday that she is resigning her position, pending the conclusion of an investigation into the company by the Antitrust Authority.
Cohen stated that she wants to focus her attention on the investigation. She will continue in her role as manager of Apax Partners in Israel, the conglomerate that owns Tnuva.
Dairy giant Tnuva subject of nationwide boycott
She will also retain her position on Tnuva's board of directors.
Shlomo Rodev will take Cohen's place as Tnuva's chairman on an interim
basis. Rodev formerly served as the chairman of Bezek's board of
The Antitrust Authority opened an investigation against Tnuva last week.
Cohen and CEO Arik Shore were questioned for not providing information
requested by the authority. Antitrust Authority investigators raided
Tnuva’s offices last Sunday morning. Withholding information from the Antitrust Authority is a criminal offense.
As part of the authority’s investigation into the dairy market, it asked
Tnuva and other dairy companies for information. Tnuva provided
information, but the authority concluded that Tnuva was concealing
information and that it had not provided everything demanded. Antitrust
Authority investigators confiscated documents and questioned senior
Tnuva executives under caution.