ICL Announces Appointment of Elad Aharonson as New President and Chief Executive Officer

TEL AVIV, Israel–(BUSINESS WIRE)–ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced its Board of Directors has approved the appointment of Elad Aharonson as ICL’s new president and chief executive officer, effective March 13, 2025. He will succeed Raviv Zoller who will work with Aharonson to ensure a smooth and orderly transition.

Elad Aharonson has been an integral part of ICL for nearly four years, serving as president of ICL’s Growing Solutions business since April of 2021. During his tenure, he led the development of ICL’s specialty fertilizer solutions and the expansion of these product offerings into new territories, through both organic efforts and via acquisitions. His significant achievements demonstrate exceptional leadership and a deep commitment to ICL’s mission and values.

Prior to joining ICL, Aharonson served at Elbit Systems Ltd. for approximately 16 years and held various senior management positions, including as executive vice president and general manager of the ISTAR Division. He also served as executive vice president and general manager of Elbit’s UAS Division. During his tenure with that company, Aharonson contributed to its unprecedented growth in both local and international markets.

“ICL’s Board of Directors has confidence that Elad is the right person to head ICL, as his years of service to ICL have been marked by outstanding leadership and performance,” said Yoav Doppelt, executive chairman of ICL’s Board of Directors. “Elad has a profound understanding of ICL’s business and values, as well as a clear vision for the company’s future. We are certain that his leadership will continue to drive ICL’s strategy to significantly increase its specialty product offerings, driven by delivering unique value to its customers, and by translating megatrends into innovative businesses.”

“Additionally, on behalf of the Board of Directors and the entire ICL team, I want to personally thank Raviv for his dedicated leadership and successful contributions to ICL,” concluded Doppelt.

“I am honored and enthusiastic to have been chosen to lead ICL and to expand upon the strong foundation ICL created in the last few years,” said Elad Aharonson. “I am looking forward to working with our talented team to continue to serve our customers, by developing our innovative product portfolio pipeline, and to deliver value to all our stakeholders.”

About ICL

ICL Group is a leading global specialty minerals company, which creates impactful solutions for humanity’s sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company’s growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2023 revenues totaled approximately $7.5 billion.

For more information, visit ICL’s website at icl-group.com.

To access ICL’s interactive CSR report, visit icl-group-sustainability.com.

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Forward Looking Statements

This announcement contains statements that constitute forward‑looking statements, many of which can be identified by the use of forward‑looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others.

Forward-looking statements appear in this press release and include, but are not limited to, statements regarding the company’s intent, belief or current expectations. Forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: estimates, forecasts and statements as to management’s expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, positioning, objectives and expectations, general economic, market and business conditions, supply chain and logistics disruptions, energy storage and electric vehicle growth, the potential for new COVID-19 variants, global unrest and conflict, governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, changes in environmental, tax and other laws or regulations and the interpretation thereof, and war or acts of terror and/or political, economic and military instability in Israel and its region, including the current state of war declared in Israel and any resulting disruptions to our supply and production chains. As a result of the foregoing, readers should not place undue reliance on the forward‐looking statements contained in this press release concerning the timing of the transaction, or other more specific risks and uncertainties facing ICL, such as those set forth in the “Risk Factors” section of its Annual Report on Form 20-F filed on March 14, 2024, as such risk factors may be updated from time to time in its Current Reports on Form 6-K and other filings ICL makes with the U.S. Securities and Exchange Commission from time to time.

Forward-looking statements refer only to the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.

Contacts

Investor and Press Contact – Global
Peggy Reilly Tharp

VP, Global Investor Relations

+1-314-983-7665

Peggy.ReillyTharp@icl-group.com

Investor and Press Contact – Israel
Adi Bajayo

ICL Spokesperson

+972-3-6844459

Adi.Bajayo@icl-group.com