DIRECTORS AND SENIOR MANAGEMENT

The following persons are our directors, senior management and employees upon whose work we are dependent:

Izzy Sheratzky is a co-founder of our company and has served as the Chairman of our Board of Directors, which in our company constitutes both an officer and director position, ever since our company was acquired from Tadiran in 1995 until 2011. Until 2003, Mr. Sheratzky also served as our Chief Executive Officer. Mr. Sheratzky alsoserves as the Chairman of the Board of Directors of Telematics Wireless, Moked (1973) Investigations Company Ltd., Moked Services, Information and Investments Ltd., and Moked Ituran. He also serves as a Director of Tikal Document Collection Ltd. Mr. Sheratzky is the father of Eyal, Nir and Gil Sheratzky.

Yehuda Kahane is aco-founder of our company and has served as a Director since its acquisition from Tadiran in 1995. Mr. Kahane is a full-time professor at the Faculty of Management, Tel Aviv University. He founded and served as the first dean of the Israeli Academic School of Insurance until 2000. In addition, he was the co-founder and co-owner of the managing firm of the first balanced pension fund in Israel, Teshura, a co-ownerof the technological incubators Weizmann, Ofakim and Katzrin, and is involved in the formation, seed investment and management of start-up companies. Mr. Kahane serves as an actuarial consultant to various companies and organizations and has been providing financial consulting services to our company since 1998. He also serves as a Director of Telematics Wireless and of Moked Ituran. He is a Director of Tachlit Investment House Ltd., of Capital Point Ltd. and of a large number of private technological companies unrelated to us. He is the Chairman ofan association for the visually impaired of Herzlia and Sharon Districtand a Board Member of the umbrella organization for the visually impaired in Israel. Mr. Kahane holds a BA (Economics and Statistics) an MBA and a PhD (Finance) from the Hebrew University of Jerusalem. He is the father of Yoav Kahane.

Ze’ev Koren has served as a Director of our company since 2006. In 2011, Mr. Koren was nominated as Chairman of our Board of Directors. In 1988, after a career spanning 25 years, Mr. Koren retired from the Israel Defense Forces with the rank of Brigadier Gen. (Res). In his final position he served as the head of human resources planning for the general staff division. Since then he hasserved in a senior capacity in companies in the fields of international forwarding and medical services. He holds a BA (Political Science and Criminology) from Bar-Ilan University.

Avner Kurz has served as a Director of our company since its acquisition in 1995. Mr. Kurz is Chairman and a Director of F.K. Generators & Equipment Ltd., and serves as Chief  Executive Officer of Teleran Holding, our subsidiary in Brazil. Mr. Kurz also serves as a Director of Telematics Wireless, El-Ram, Moked Ituran, Totam Plus, Expandis and several other private companies abroad. Mr. Kurz is the brother of Amos Kurz.

Amos Kurz has served as a Director of our company since its acquisition in 1995. Mr. Kurz also serves as a Director of Telematics Wireless, and as Chief Executive Officer and a Director of F.K. Generators & Equipment Ltd. Mr. Kurz is the brother of Avner Kurz.

Yigal Shani has served as a Director of our company since its acquisition in 1995. Mr. Shani is an insurance agent and a partner in the insurance agency Tzivtit Insurance Agency (1998), Ltd., which provides insurance services to our company. Mr. Shani also serves as a Director of Gir Magen. 

Eyal Sheratzky has served as a Director of our company since its acquisition in 1995 and as a Co-Chief Executive Officer since 2003. Prior to such date, he served as an alternate Chief Executive Officer of our company in 2002 and as Vice President of Business Development during the years 1999 through 2002.

Mr. Sheratzky also serves as a Director of Moked Ituranand certain of our other subsidiaries, including Telematics Wireless, Ituran Network and Ituran Cellular Communication. From 1994 to 1999, he served as the Chief Executive Officer of Moked Services, Information and Investments and as legal advisor to several of our affiliated companies. Mr. Sheratzky holds LLBand LLM degrees from Tel-Aviv University and an Executive MBA degree from Kellogg University. Mr. Sheratzky is the son of Izzy Sheratzky, the brother of Nir and Gil Sheratzky.

Nir Sheratzky has served as a Director of our company since its acquisition in 1995 and as a Co-Chief Executive Officer since 2003. Prior to such date, Mr. Sheratzky served as alternate Chief Executive Officer of our company from 1995 to 2003. Mrs. Sheratzky is also a Director of Telematics Wireless and of Moked Ituran. He holds BA and MA degrees (Economics) from Tel-Aviv University. Nir is the son of Izzy Sheratzky, the brother of Eyal and Gil Sheratzky.

Gil Sheratzky has served as a Director of our company and as our advertising officer since 2003. Since January 23, 2007, he has served as well as Chief Executive Officer of our subsidiary E-Com Global Electronic Commerce Ltd. Prior to such date, he worked in our control center during the years 2000 and 2001, and during the years 2001 and 2002, he worked in an advertising agency. Mr. Sheratzky holds a BA (Business Management) from the Interdisciplinary Center, Herzlia. Mr. Sheratzky is the son of Izzy Sheratzky, the brother of Eyal and Nir Sheratzky.

Orna Ophir has been serving as an External Director of our company since 2003 and is a member of our audit committee. She has been serving as Medical Director of Assuta Hospitals in Israel since November 2004 and as Chief Executive Officer of the Golden Tower Hospital (Bat Yam, Israel) since 2001. Prior to such date, she served as Executive Vice President of Assuta Hospital (Tel Aviv, Israel) during the years 1997 to2000. In addition, she is a director of Maccabi Healthcare Services, one of the principal healthcare providers in Israel. Orna Ophir holds MD and MBA degrees from Tel-Aviv University.

Israel Baron has been serving as an external director of our company since 2003 and is a member of our audit committee. Mr. Baron has been serving as Chief Executive Officer of several public sector employee retirement and saving plans since 2003. Prior to such date, Mr. Baron managed an organizational consulting firm, served as an investment manager in the Isaac Tshuva group during the years 1999 to 2001 and as Chief Executive Officer of Gmulot Investment Company Ltd. Mr. Baron serves as director of Quality Baron Management Services Ltd. and until 2004 he served as a director of Brill Shoe Industries Ltd. Mr. Baron is a certified CPA and holds a BA degree in Economics and Accounting.

Eli Kamer has served as Executive Vice President, Finance, and Chief Financial Officer of our company since 1999, after serving as its Finance Department Manager since 1997. Prior such date, Mr. Kamer worked as an accountant at Fahn Kanne & Co., our independent auditors. Mr. Kamer is Certified Public Accountant(Israel) and holds a BA (Business Administration) from the Israel College of Management and an MBA from Bar-Ilan University.

Guy Aharonov has served as our in-house Legal Counsel since 1999. Prior to joining our company, he has worked as an attorney at Cohen Lahat & Co. Mr. Aharonov holds LLB and LLM degrees fromTel-Aviv University.

Our articles of association provide for staggered three-year terms for all of our Directors. The Members of our Board of Directors (excluding the External Directors) are divided in to three classes, and each class of Directors will serve for a term of three years. Our Independent Directors who also qualify as External Directors under the Israeli Companies Law, Orna Ophir and Israel Baron, are serving three-year terms in accordance with Israeli law. In April 2006 our general meeting of shareholders approved the extension of term of office of our External Directors, for an additional term of three years (until June 3, 2009) under the same terms of the initial term of office.