Bank One Zero announces executive promotions in anticipation of European expansion

Bank One Zero is preparing for the planned structural change, in which the technology and product operations will be split from the bank into a sister company under a joint holding company, ahead of the bank's expected expansion into Europe. Gal Bar Dea, founder and CEO of the bank, will be promoted to CEO of the group and will head the technology company, which will provide services to the bank in Israel and continue the expected activities abroad. The holding company, led by Bar Dea, will hold the bank, the technology company, and the Italian subsidiary, headed by Matteo Concas, a former senior executive at German digital bank N26.

Eyal Gafni, the bank's CFO and one of its founders will be promoted to CEO of the bank in Israel, overseeing all of its ongoing banking activities.

Arik Chicotai, currently the bank's COO, will be promoted to Deputy CEO of the bank in Israel and manage the retail division responsible for service and sales.

Roni Lichtenstein Shany will be promoted to Chief Strategic Projects and HR Officer at the bank and be responsible for cross-organizational project management in Israel.

Gafni will be replaced by Maor Elhadad, currently the bank's Chief Audit Executive. His appointment was approved by the Bank of Israel.

The position of VP of Technology will be split into two, following Amichai Levi's request to leave his position a few months ago, as part of the emerging structural change. Marina Polonsky, who serves as the bank's Head of Research and Development, will be appointed as CTO of the technology company (and until the structural approval as CTO of the bank). In her role, Marina is responsible for leading the development division in the company, planning, building, and maintaining product architecture, driving innovation, and ensuring R&D initiatives align with the company's overall objectives and market needs. Roy Chaimovitch, who currently heads the Projects and Performance Division, will be appointed as the Chief Operating Officer (COO) of the technology company and until structural approval will serve in this role at the bank.

Alon Feder, currently the bank's Compliance Officer, will be appointed as the Chief Risk Management Officer and will continue to serve as the Compliance Officer at the bank. Feder replaces Netta Avrahamov Bitan, who requested to leave her position a few months ago.

Roni Lichtenstein Shany.

Yaeli Darschevitz Tamary, who led the bank's Product department, will be promoted to Chief Product and Delivery Officer (CPO) of the technology company and until structural approval will serve as the CPO at the bank. In her role, Yaeli is responsible for leading product strategy and vision in Israel as well as its development in Italy, leading a roadmap for all dev teams based on the bank's vision and company goals. Additionally, she will be responsible for projects and delivery based on the roadmap.

Ora Levi Abalya, who served as the bank's head of finance, will be promoted to Chief Financial Officer (CFO) of the technology company. In her role, Ora will be responsible for managing the finance domain in the technology company and the holding company, including budget management and end-to-end control in all divisions.

Raheli Bindman, currently the bank's Director of Communications and Regulation, will be appointed as the Chief of Staff of the technology company and Chief Communications and Regulation Officer. In her role, she will be responsible for managing communications and external relations, investor relations, and government relations.

Subject to the approval of the Bank of Israel, both managements will include a majority of women (7 female managers and 6 male managers) which includes the incumbent managers Nirit Ben Kish, VP of Marketing and Aya Ashtar, the bank's Chief Legal Counsel.