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Raanan Cohen was appointed Chief Executive Officer of Koor in July 2006. He is also Vice President of Discount Investments Corporation Ltd. ("DIC"), having served in such position since August 2001 and was previously Executive Assistant to the Chief Executive Officer of DIC from 1999. Mr. Cohen also served as Interim President and Chief Executive Officer of Scailex Corporation Ltd. (formerly Scitex) from 2004 to July 2006. Prior to joining DIC, he was an associate with McKinsey & Company, Inc. in London from 1997. Mr. Cohen is a lawyer, admitted to the Israel Bar, and from 1994 to 1995 he served as an attorney with S. Horowitz & Co., an Israeli law firm. He is a director of a number of companies in the IDB group, including Cellcom Israel Ltd. and Property & Building Corporation Ltd. Mr. Cohen holds bachelors degrees in law and in economics from Tel Aviv University and a masters degree in management from J.L. Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois. | 