Building Up the Future of Women CEOs in Israel For the First Time in Israel, The Tel-Aviv Stock Exchange and Supersonas Open a Training Program for Women CEOs in Public Companies

Press Release

Tel Aviv, December 20, 2020 - The Tel-Aviv Stock Exchange (TASE) and Supersonas, a national social organization dedicated to paving the way for a balanced presence of women in influential and decision making positions, announce today the opening of the first class of the School for Future Women CEOs of Israel. The special program, which will open in January 2021, is designated for women holding executive positions in companies that are listed on TASE, who aim to climb the ladder towards CEO and directorship positions. The objective of this groundbreaking project is to increase the number of women serving in senior executive positions in the Israeli economy, thereby reducing gender inequality in the Israeli job market. The launch of the program will be celebrated on Sunday, December 27, 2020, at 2pm, in an event hosting Ittai Ben Zeev, TASE CEO and Hana Rado, Chairperson of Supersonas.

The rationale underlying the program is that, in 2020 despite accounting for more than half of the population, women are still absent from the most senior executive and influential positions. For example, only 3 of the 125 major Israeli companies comprising the TA-125 Index currently have women CEOs.

The program is intended as a springboard for women who are high achievers, towards creating a reality where more and more women contend and are appointed for CEO positions and serve in senior executive roles in companies that are listed on TASE, with the broader vision of significantly increasing women's presence in executive and influential positions in Israel.  

The Future Women CEOs program comprises 8 sessions, including workshops, seminars and activities for enhancing the participants' sense of capability, acquisition of specialized management tools and building a community of women peers. All these are intended to enable women managers achieve a smoother ascent to the top. The studies program includes professional training alongside mental training in various areas.

The program will be held at TASE's Conference Center, in a partly hybrid format. Speakers at the program include MP Oded Forer, Chairperson of the Committee for the Advancement of Women; Former Minister, Prof. Yuli Tamir, President of Beit Berl College; Efrat Fenigson, Global VP Marketing at Mindspace and Founder of GCMO; ​​Galit Ben Simhon, Woman Entrepreneur; Orly Grinfeld, EVP and Head of Clearing at TASE; Elah Alkalay, Chairperson of the Board of IBI Mutual Funds and VP Business Development at IBI Investment House; and many more.

​​Ittai Ben Zeev, CEO of TASE: “We are committed to increasing the presence of women in key positions in the capital market and in Israeli companies. Women's contribution to management, team leadership and the resolution of complexities and uncertainties is invaluable and I am confident that Israeli companies and the Israeli economy have the most to gain from a stronger foothold of women in executive positions. TASE has more than 60% women employees, and close to 50% women in senior executive positions. This ratio is also viable for our listed companies. We are therefore excited to collaborate with Supersonsas, which is dedicated to the advancement of women and the reduction of gender inequality, and to be a part of this momentous project.

Chairperson of Supersonas, Hana Rado: “The Future Women CEOs program is the flagship program of Supersonas for promoting gender equality in centers of influence and decision-making and advancing women in Israel towards senior executive offices in industry and business. We believe that by coming together, women can set in motion a deep, empowering and meaningful process towards a significant presence of women CEOs and key executives and diminishing gender inequality. This program is the beacon that will pave the way for other organizations to follow the example of TASE and pursue a more equal environment. TASE has a substantial impact on Israel's major companies and I am proud to be working together with TASE in increasing the awareness to gender inequality and curtailing it.