The Phoenix names Shay Tzadok CFO as Q2 profit reaches ILS 904 million for The Phoenix stock

Published on 10/15/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shay Tzadok became CFO on October 5, 2026 after board approval. The Phoenix stock follows Q2 net income of ILS 904 million.

Leadership change and earnings context

Shay Tzadok became deputy CEO and CFO on October 5, 2026.
Second-quarter net income reached ILS 904 million against ILS 707 million in the prior quarter.
Market capitalization stood at ILS 44.2 billion on October 13, 2026.

The Phoenix, IL0007670123, Illustration mit AI erstellt.

The Phoenix names Shay Tzadok as deputy CEO and CFO, putting a leadership change at the center of the stock story after second-quarter net income reached ILS 904 million. MarketScreener reported that the board approved the appointment on September 16, 2026, with the change effective October 5, 2026. The Phoenix stock is the listed equity of The Phoenix Holdings Ltd., an Israeli insurance and financial services group.

Leadership change sets the frame

Eli Schwartz concluded his tenure as deputy CEO and CFO, while Shay Tzadok moved from vice president and chief of staff to the two senior finance roles on October 5, 2026. Simply Wall St described the change as a succession process rather than a change in the companys business model. For investors, the key issue is whether the new finance leadership preserves reporting discipline while the group manages insurance and retirement assets.

What did second-quarter earnings show?

Investing.com reported second-quarter revenue of ILS 6,626 million and net income of ILS 904 million. Net income had been ILS 707 million in the preceding quarter, an increase of ILS 197 million, or 27.86 percent. Earnings per share were ILS 3.58 against an estimate of ILS 3.26, according to the same report. The comparison gives the CFO transition a concrete operating backdrop rather than making it a stand-alone personnel story.

Three dated company developments

The second-quarter results were announced on August 25, 2026, the CFO appointment was approved on September 16, 2026, and the leadership change took effect on October 5, 2026. Those dates connect the latest earnings picture with the management handover and provide the clearest chronology for the stock.

Market value remains substantial

On October 13, 2026, Phoenix Financial had a market capitalization of ILS 44.2 billion and a Tel Aviv listing under ticker PHOE.TA. The company operates across insurance, retirement planning, savings and asset management, so earnings quality depends on both underwriting and investment results. The next investor focus is the companys post-transition financial communication.

Leadership remains the investor focus

The Phoenix stock remains tied to two measurable reference points: ILS 904 million of second-quarter net income and ILS 44.2 billion of market value on October 13, 2026. The CFO succession adds a governance milestone to that earnings record, while the reporting period keeps the analysis anchored in disclosed company figures.