Israel Chemicals Ltd. (ICL) announced that its Executive Chairman, Johanan Locker, will step down from the position following his acceptance of a nomination as Chairman of Israel’s Oil Refineries Ltd (ORL). ICL’s board has selected Israel Corp. CEO-to-be Yoav Dopplet, who is also a member of ICL’s board of directors, to serve as ICL’s new Executive Chairman. The date of the stepping down of office and entry into the new positions is expected to take place during the second quarter. Israel Corp. is ICL’s largest shareholder, holding a 45.93 percent stake as of Feb. 4, 2018.