He replaces Aharon Fogel, who is stepping down after serving more than six years as the company’s chairman.

Mr Seroussi’s background is largely in banking – he was head of Morgan Stanley Israel between 1993 and 2009, before moving to Bank Hapoalim, Israel’s largest bank, where he was chairman until 2016.

Currently, Mr Seroussi is, among other roles, chairman of Enlight Renewable Energy, a fast-growing company which is active in 10 European markets and is listed on the TASE.