Online trading company Plus500 Ltd (LON:PLUS) announces several changes to the composition of its Board of Directors.

Prof. Varda Liberman will be joining the Board as a Non‐Executive Director with immediate effect. She is being appointed to the Audit Committee and Regulatory and Risk Committee of the Board.

Prof. Liberman is an international renowned expert in the field of decision-making and behavioural economics. In this capacity, she provides consulting and workshops in key elements of managerial decision-making and risk management to senior managements of organisations across a range of sectors, including healthcare, banking, investment, technology, the judicial system and the Israeli Defence Forces.

Prof. Liberman is the Rector of Reichman University, (IDC Herzliya) in Israel, and one of its founders and leaders. She is a professor at the business school, a visiting researcher at Stanford University, and the author of several books and many scientific articles. Over the years, she has held a variety of managerial positions at the university, among them, heading the mathematics and statistics studies, leading the decision-making area in the business school, and founding and heading the MBA programme in Healthcare Innovation.

Prof. Liberman holds a B.Sc. in Mathematics and Statistics, an M.Sc. in Mathematics and a Ph.D. in Mathematics, all from Tel Aviv University.

Prof. Liberman also serves as an External Director at Cellcom Israel Ltd., having previously served as director on several publicly traded corporate boards based in Israel, including Tamir Fishman Trust Funds Ltd.

In June 2022, the Board’s long serving Independent Non-Executive Director and External Director, Daniel King, will end his maximum nine-year term under the provisions of Israel’s Companies Law, 5759-1999. Daniel King is currently the Chair of the Remuneration and ESG Committees.

Daniel King has been with Plus500 since its IPO and his expertise working with technology businesses, many of whom are based in Israel, has been invaluable in helping to navigate the Board and the business through various challenges and to help optimise the many opportunities that have arisen during his tenure.

As of 17 June 2022, Anne Grim, Plus500’s Senior Independent Director, who is a member of the Remuneration Committee, will replace Daniel King as the Chair of the Committee. In her capacity as an External Director, she will also replace Daniel King as the third member of the Nomination Committee.

As of 17 June 2022, Steve Baldwin, Non-Executive Director and a member of the ESG Committee, will replace Daniel King as the Chair of the Committee.

Prof. Jacob A. Frenkel, Chair of Plus500, commented:

“We are delighted to be welcoming Prof. Liberman to our Board. Having worked with a number of major international organisations over the years, she brings a significant experience and knowledge of corporate strategy, management decision-making and behavioral economics. Her views and perspectives will provide fresh dynamic to Board discussions and debates, and we look forward to working with her.

“In June 2022, our long serving Independent Non-Executive Director and External Director, Daniel King, will end his maximum nine-year term. I would like to thank Daniel for his long-standing support and guidance to the Board since the Company’s IPO in 2013 and during an eventful and exciting period since that time. Daniel is, and has always been, a highly effective and engaged Board member who has made significant contributions as Chair of a number of Board Committees over the years. On behalf of the Board, I wish him all the best.

“We are also delighted to be welcoming, as of 17 June 2022, Steve Baldwin as the Chair of our ESG Committee, and our Senior Independent Director, Anne Grim, as the Chair of our Remuneration Committee. We are sure that both Steve and Anne will provide dynamic leadership and continue the positive work. On behalf of the Board, I wish them best of luck”.