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Ami Erel has served as the Chairman of Elron's Board of Directors from November 1999 to January 2007 and as Elron's Chief Executive Officer from November 1999 to December 2001. Mr. Erel has served as President and Chief Executive Officer of Discount Investment Corporation Ltd. (DIC) since June 1, 2001. Mr. Erel is also Chairman of the Board of Directors at Cellcom Israel Ltd. and NetVision, and served as a director of Property and Building Corporation Ltd. and Super-Sol Ltd. Mr. Erel also serves as Chairman or a member of the boards of various other subsidiaries and affiliates of DIC and Elron. From 1997 to 1999, Mr. Erel served as President and Chief Executive Officer of Bezeq - The Israel Telecommunications Corp. Ltd. From 1997 to 1998, he was Chairman of the Board of Directors at PelePhone Communications Ltd. As of January 2005, Mr. Erel serves as Chairman of the Executive Committee of the Manufacturers Association of Israel. From January 2000 to January 2004, Mr. Erel served as Chairman of the Board of Israel Association of Electronics & Information Industries. | 