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Ampal-American Israel Corporation Announces Election of Officers.


Business Editors

NEW YORK--(BUSINESS WIRE)--May 22, 2002

Ampal-American Israel Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: AMPL (language) AMPL - Along with mpl, the intrinsic parallel languages for MasPar's computers. AMPL and mpl are parallel variants of C. Ampl is actually now a gcc port.

["AMPL: Design, Implementation and Evaluation of a Multiprocessing Language", R. Dannenberg, CMU 1981].
) announced today that on May 21, 2002, its Board of Directors elected the following new officers of the Company: Shlomo Shalev, Senior Vice President-Investments; Dafna Sharir, Senior Vice President-Investments; Irit Eluz, CFO-Vice President Finance and Treasurer and Yoram Firon, Vice President-Investments and Corporate Affairs-Secretary.

Prior to the aforementioned a·fore·men·tioned  
adj.
Mentioned previously.

n.
The one or ones mentioned previously.


aforementioned
Adjective

mentioned before

Adj. 1.
 appointments the following officers submitted their resignations: Shlomo Meichor, Vice President-Finance and Treasurer-CFO; Niv Galanti, Director of Legal and Business Development and Yuval Levy, Vice President-Israel.

Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel-related. Ampal's primary investment focus is the growing high technology and communications sector. Ampal has diversified interests in the following sectors: high technology and communications, real estate, capital markets, leisure-time, energy distribution, and industry.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Further information regarding risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission.

This release and prior releases are available on the KCSA KCSA Krannert Center Student Association
KCSA Kentucky Crushed Stone Association (Frankfort, KY)
KCSA Kyiv City State Administration
KCSA Kalamazoo Christian School Association
KCSA Kentucky-Canadian Studies Association
 Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  Worldwide Web site at www.kcsa.com.
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Publication:Business Wire
Date:May 22, 2002
Words:216
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