Following the election of Shmuel Schnitzer as the new president of the Israel Diamond Exchange, the bourse announced its new board and officers.
Jacob Korn will serve as the IDE’s deputy and vice president; Jacob Kattan, senior vice president; Arnon Yuval, vice president; Yehezkel (Hezi) Blum, vice president and chairman of the finance committee; Ben Zion Shashu, vice president; Jacob Haron Shelly, vice president; Mordechai (Moti) Fluk, treasurer; Meir Dalumi, chairman, judicial committee; Yoram Dvash, honorary secretary; Shlomo (Shizo) Shimshowitz, honorary secretary; and Shalom Papir, member of the presidium.
Upon his election, Schnitzer received a letter of congratulations from Israeli Prime Minister Benjamin Netanyahu.
“Your talents, professionalism and your many years of experience in diamond exports will contribute significantly toward restoring the Israel diamond industry’s standing,” Netanyahu wrote.
Netanyahu added a handwritten remark that Shmuel’s father, Moshe, who died in 2007, would be “proud” that he was continuing his life’s work. Schnitzer was the IDE’s longest-serving president and won the Israel Prize, the country’s highest civilian award, in 2004.