Lev Leviev, the diamond and property billionaire, has been appointed non-executive chairman of AFI Development, the AIM-listed developer focused on Russia. Leviev will replace the outgoing chairman Erez Meltzer on 1 January 2008. Meltzer is also setting down from his position as the CEO of Africa Israel Investments at the end of the year.
Lev Leviev, the diamond and property billionaire, has been appointed non-executive chairman of AFI Development, the AIM-listed developer focused on Russia. Leviev will replace the outgoing chairman Erez Meltzer on 1 January 2008. Meltzer is also setting down from his position as the CEO of Africa Israel Investments at the end of the year.
Leviev is the chairman and controlling stakeholder in Africa Israel Investments, a Tel Aviv-listed conglomerate active in the residential and commercial real estate, energy and industry sectors. AFI is the majority shareholder in AFI Development.
Commenting on his appointment, Lev Leviev said: 'AFI Development is at a very exciting point in its evolution, with strong progress in its active acquisition and development programmes as illustrated by the 9% increase in net asset value reported at the half year and the substantial rise in pre-tax profits in each set of results since the listing of the company's global depository receipts'.
Click on the link below to go to the profile of Leviev on the PropertyEU homepage.
