ICL Appoints Asher Grinbaum as Interim CEO

TEL AVIV, Israel, September 11, 2016

ICL (NYSE and TASE: ICL), today announced that its Board of Directors appointed Mr. Asher Grinbaum as Interim CEO of the company, effective immediately. Mr. Grinbaum's appointment follows the resignation of Mr. Stefan Borgas as CEO and member of ICL's Board of Directors. Until recently, Mr. Grinbaum served as Executive Vice President and as the Chief Operating Officer (COO) of the company. Mr. Grinbaum will act as Interim CEO until a permanent CEO is appointed.

Mr. Grinbaum, a resident of Israel's Negev region, has worked at ICL for over 40 years, during which time he has held a number of senior management positions.

Mr. Grinbaum began his employment as an engineer at ICL's Bromine Compounds unit, and since then he has held a variety of management positions, including CEO of ICL Fertilizers from 2004 to 2007, and, prior thereto, CEO of ICL Industrial Products.

Mr. Grinbaum holds a BA in mechanical engineering and an MBA from Ben Gurion University.

About ICL 

ICL is a global manufacturer of products based on specialty minerals that fulfill humanity's essential needs primarily in three markets: agriculture, food and engineered materials. ICL is a public company whose shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs approximately 13,000 people worldwide, and its sales in 2015 totaled US$5.4 billion. For more information, visit the company's website at http://www.icl-group.com.