ICL Group Ltd. announced on March 10 2026 that Asaf Alperovitz will become the company’s Chief Financial Officer, effective June 15 2026, following the retirement of current CFO Aviram Lahav.
Alperovitz brings more than two decades of senior financial experience, having served as CFO of SolarEdge Technologies and holding previous CFO roles at Delta Galil Industries and Syneron Candela. His background in public companies and international operations is expected to support ICL’s growth strategy and maintain its conservative balance sheet.
ICL’s most recent financial results underscore the context for the transition. In Q4 2025, the company reported sales of $1.7 billion, up 6% year‑over‑year, and adjusted EBITDA of $380 million, a 10% improvement. For the full year 2025, consolidated sales reached $7.153 billion, a 5% increase, with adjusted EBITDA of $1.488 billion. Management has guided 2026 EBITDA to $1.4 billion–$1.6 billion, reflecting confidence in continued execution of its specialty‑growth strategy.
ICL is actively realigning its portfolio, discontinuing capital‑intensive LFP battery material projects and acquiring Bartek Ingredients to strengthen its specialty food solutions business. The CFO transition is part of a broader strategic pivot toward high‑margin specialty crop nutrition and food solutions, while preserving the company’s core mineral resources. Alperovitz’s experience in public markets and global finance is seen as a key asset in driving this transformation.
CEO Elad Aharonson welcomed Alperovitz, stating that his extensive global experience will help advance the company’s growth and execute its strategy. Outgoing CFO Aviram Lahav highlighted a strong balance sheet, noting net debt to adjusted EBITDA of 1.3×, operating cash flow of $314 million, and a dividend of $224 million in 2025, representing 50% of adjusted net income.
The CFO appointment signals continuity in financial stewardship while positioning ICL to accelerate its specialty‑growth agenda. Investors view the transition as a positive step toward sustaining disciplined capital allocation and supporting the company’s long‑term strategic objectives.
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