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Israel Electric Corporation Reorganizes Its Board of Directors

December 22, 1954
See Original Daily Bulletin From This Date

The officers of the Israel Electric Corporation in which the Israel Government recently acquired a majority interest, today held their first meeting since the Israel Government took control.

The resignations of the old board of directors were accepted and a new board of 16 members was named. Lord Samuel, retiring chairman of the board, was granted an annual pension of 1,500 pounds sterling. A new chairman of the board of directors will be elected at the next meeting of the board.

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