Vesttoo board considers removal of co-founders in wake of LOC crisis
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Vesttoo board considers removal of co-founders in wake of LOC crisis

vesttoo logo Boardroom.jpg

Vesttoo’s board has confirmed it is “considering” the removal of CEO Yaniv Bertele and chief financial engineer Alon Lifshitz from their positions at the company as the scandal around allegedly fraudulent letters of credit (LOCs) deepens.

The co-founders will be on paid leave until a final decision is taken, according to a statement.

“We are exploring multiple options for interim replacements, but no decision has been taken as of yet,” the board said.

“We

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article