The Israeli business newspaper Globes
and Reuters are both reporting that Rafi Danieli plans to step down as chief executive officer of Zim and will become chairman of the container shipping line.
said Danieli has been with Zim for 35 years and served as CEO for five years, leading the company "to two debt settlements: the first when he took up the post in 2009, and the second that is currently in the process of being confirmed."
The current restructuring plan is now before a court
, which is trying to resolve a disagreement between its parent Israel Corp. and the government over the so-called "golden share" that Israel maintains in the shipping company to protect its national interests.
was unable to immediately confirm Danieli's plans, but Globes
said in a February interview, he noted that a new board will be appointed after the current restructuring and that "the new board of
directors will have the right to appoint a new management."