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Israeli Price Comparison Company Zap To Appoint Telecom Veteran As CEO

Israel-based comparison shopping engine Zap Group Ltd. is in the final stages of appointing Rami Hazan as CEO and is expected to announce the appointment within the next few days, two people familiar with the matter who spoke on condition of anonymity told Calcalist.

Hazan, a former executive at Israel’s largest telecommunication company Bezeq and at Israeli motor vehicle importer Champion Motors Ltd., is still listed on his LinkedIn page as CEO of the telecom division of Electra Consumer (1993) Ltd., the former Israeli distributor for Huawei Technologies Co. Ltd.

In October, Zap CEO Ilan Zachi handed in his resignation following the company’s failed initial public offering on the Tel Aviv Stock Exchange earlier this year.

Based in Petah Tikva, a town in the Tel Aviv metropolitan area, Zap offers a family of Hebrew-language price comparison and e-commerce websites.

In 2015, Zap was acquired by Apax Partners (Israel) Ltd., a subsidiary of London-based private equity firm Apax Partners Worldwide LLP, for an undisclosed amount estimated to be around $37 million. – Calcalistech

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