The Phoenix appoints Shay Tzadok as CFO. The Phoenix stock sits 9.24 percent below its high

Published on 10/16/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Phoenix named Shay Tzadok CFO on October 5, 2026. For The Phoenix stock, Q2 net income reached ILS 904.14 million after board approval.

CFO change and earnings

Shay Tzadok became deputy CEO and CFO effective October 5, 2026.
Second-quarter net income reached ILS 904.14 million in the period ended June 30, 2026.
Phoenix Financial signed a September 17, 2026 letter of intent involving ILS 370.00 million.

The Phoenix, IL0007670123, Illustration mit AI erstellt.

The Phoenix (IL0007670123) named Shay Tzadok deputy CEO and CFO effective October 5, 2026, while its TASE price was ILA 18,270.00 on October 16, 2026 at 10:49 a.m. IDT. MarketScreener reported that the board approved the appointment on September 16, 2026.

Three events shape the story

On August 25, 2026, Phoenix Financial reported second-quarter net income of ILS 904.14 million for the period ended June 30, 2026, compared with ILS 707.00 million in the previous quarter, according to Investing.com. The same report listed second-quarter revenue of ILS 6.626 billion, versus ILS 3.371 billion in the preceding quarter.

On September 17, 2026, Phoenix Financial was listed among the parties signing a letter of intent involving a 30 percent stake in IBC Israel Broadband Company for approximately ILS 370.00 million, according to MarketScreener. The October 5 CFO transition is the latest dated management event in this sequence.

What does the leadership change mean?

The appointment puts an internal executive with experience as the CEO's chief of staff into the finance and deputy CEO roles. Simply Wall St described the transition on September 17, 2026, and cited a 25.25 percent return on equity alongside a 16.00 percent profit margin. For investors, the key operating comparison is the increase in quarterly net income from ILS 707.00 million to ILS 904.14 million.

Stock stays below its yearly high

Phoenix Financial provides insurance, long-term savings, investment products and trading platforms, according to MarketScreener. Its TASE quotation stood at ILA 18,270.00 on October 16, 2026 at 10:49 a.m. IDT, inside a 52-week range of ILA 11,740.00 to ILA 20,130.00. The current level is 9.24 percent below the 52-week high.

The latest company developments therefore combine a leadership handover, stronger quarterly net income and an investment transaction valued at ILS 370.00 million.