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Internet Gold Golden Lines Ltd. (NASDAQ:IGLD) announced that Eli Holtzman, a co-founder of the company and its chief executive officer since 1992 and a director since July 1999, has retired, effective October 2, 2011. Mr. Doron Turgeman, the company's chief financial officer, was elected to succeed Mr. Holtzman as chief executive officer effective October 2, 2011. Mr. Holtzman has also retired from his director position in the Company, as well as other Companies within our Group.

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