Shlomo Grofman
Encyclopedia
Shlomo Grofman is a leading Israeli real estate developer
businessperson
.
Shlomo Grofman is the Active Chairman of Faire Fund (First American Israeli Real Estate Fund) which he established together with former Israeli Ambassador
Zalman Shoval
. A private equity fund
with a capital of 90 million US Dollars, Faire Fund is involved in locating and managing investments in real estate development in Israel. Additional, Mr. Grofman is the Chairman of Shoval Grofman Real Estate Limited.
Shlomo Grofman is currently acting also as the Chairman of Grofman Holdings Ltd. (a private investment company), and of Sarel Medical Supplies and Equipment Ltd. (Israel’s largest medical supplies company) and of MYMC Ma’aynei Hayeshua Medical Center.
Mr. Grofman is a member of the board of directors of Carmel Investment Group Ltd (public investment company) and of Ayalon Holdings Ltd. (investment, properties, holdings and insurance).
From 1978 to 1996 Shlomo Grofman served as Managing Director and CEO of Africa Israel Investment Company Ltd. During Mr. Grofman’s tenure, Africa Israel has developed into a conglomerate with substantial holdings and interests in real estate development and construction, insurance, industry, energy, hotels and tourism. While Mr. Grofman led Africa Israel, he initiated and supervised highly prosperous investments in residential development, office buildings, shopping malls, industrial parks and hotels. One of the highlights in Africa Israel’s diversified real estate activity was the development of new neighborhoods: Savion, Givat Savion, Savioney Aviv, Savioney Gan, Kiryat Hasvionim, Neve Savion and Savioney Yam. These neighborhoods and the brand name Savion have become a synonym for a modern, high standard, fully equipped residential environment. Shlomo Grofman has also served as the Chairman of the Board of Denya Cybus Ltd., wholly owned subsidiary of Africa Israel and one of Israel’s leading construction and infrastructure companies.
Shlomo Grofman established and developed two major hotel chains in Israel – Holiday Inn and Howard Johnson. As an appreciation for his outstanding achievements in introducing those chains to the Israeli market he was awarded several prizes. From 1992 to 1996 he served as Chairman of the Board of Holiday Inn Hotels EMEA (Europe, Middle East, Mediterranean & Africa), and member of the World Board of Directors of Holiday Inn International. From 1996 to 1999 he was a member of the World Board of Directors of Howard Johnson Hotels & Inns.
Shlomo Grofman is closely acquainted with the banking and insurance industries. From 1986 to 1988 he was a member of the executive committee of Bank Leumi LeIsrael Ltd. (Israel’s second largest bank) and head of the bank’s non-banking and financial services division. From 1986 to 1995 he served as the Chairman of the Board of Migdal Insurance Group. (Israel’s largest insurance group) in which the Italian insurance giant Generali held a controlling stake.
Shlomo Grofman has been involved in numerous voluntary and non-profit
activities. Among other things, he was Governor of Rotary Israel and a special advisor of the World President of Rotary International. He also served as the Chairman of the Friends of the Weitzman Institute. Mr. Grofman is currently Chairman of the Board of Trustees of the Interdisciplinary Center for Law, Politics and Business in Herzliya
, Chairman of Yuval – the Ensemble for Jewish and Cantorial Music and Member of the Israel-America Chamber of Commerce.
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
businessperson
Businessperson
A businessperson is someone involved in a particular undertaking of activities for the purpose of generating revenue from a combination of human, financial, or physical capital. An entrepreneur is an example of a business person...
.
Biography
Shlomo Grofman is a central figure in many sectors of the Israeli business community and is widely acknowledged as one of the most prominent and innovative real estate entrepreneurs.Shlomo Grofman is the Active Chairman of Faire Fund (First American Israeli Real Estate Fund) which he established together with former Israeli Ambassador
Ambassador
An ambassador is the highest ranking diplomat who represents a nation and is usually accredited to a foreign sovereign or government, or to an international organization....
Zalman Shoval
Zalman Shoval
Zalman Shoval is an Israeli politician and diplomat.He was the Israeli ambassador to the United States in the years 1990-1993 and 1998–2000, and an active member of the Knesset in the Rafi party of Ben Gurion, the Statal List, and the Likud party.-Biography:...
. A private equity fund
Stock fund
A stock fund or equity fund is a fund that invests in equities more commonly known as stocks. Stock funds are contrasted with bond funds and money funds. Fund assets are typically mainly in stock, with some amount of cash, which is generally quite small, as opposed to bonds, notes, or other...
with a capital of 90 million US Dollars, Faire Fund is involved in locating and managing investments in real estate development in Israel. Additional, Mr. Grofman is the Chairman of Shoval Grofman Real Estate Limited.
Shlomo Grofman is currently acting also as the Chairman of Grofman Holdings Ltd. (a private investment company), and of Sarel Medical Supplies and Equipment Ltd. (Israel’s largest medical supplies company) and of MYMC Ma’aynei Hayeshua Medical Center.
Mr. Grofman is a member of the board of directors of Carmel Investment Group Ltd (public investment company) and of Ayalon Holdings Ltd. (investment, properties, holdings and insurance).
From 1978 to 1996 Shlomo Grofman served as Managing Director and CEO of Africa Israel Investment Company Ltd. During Mr. Grofman’s tenure, Africa Israel has developed into a conglomerate with substantial holdings and interests in real estate development and construction, insurance, industry, energy, hotels and tourism. While Mr. Grofman led Africa Israel, he initiated and supervised highly prosperous investments in residential development, office buildings, shopping malls, industrial parks and hotels. One of the highlights in Africa Israel’s diversified real estate activity was the development of new neighborhoods: Savion, Givat Savion, Savioney Aviv, Savioney Gan, Kiryat Hasvionim, Neve Savion and Savioney Yam. These neighborhoods and the brand name Savion have become a synonym for a modern, high standard, fully equipped residential environment. Shlomo Grofman has also served as the Chairman of the Board of Denya Cybus Ltd., wholly owned subsidiary of Africa Israel and one of Israel’s leading construction and infrastructure companies.
Shlomo Grofman established and developed two major hotel chains in Israel – Holiday Inn and Howard Johnson. As an appreciation for his outstanding achievements in introducing those chains to the Israeli market he was awarded several prizes. From 1992 to 1996 he served as Chairman of the Board of Holiday Inn Hotels EMEA (Europe, Middle East, Mediterranean & Africa), and member of the World Board of Directors of Holiday Inn International. From 1996 to 1999 he was a member of the World Board of Directors of Howard Johnson Hotels & Inns.
Shlomo Grofman is closely acquainted with the banking and insurance industries. From 1986 to 1988 he was a member of the executive committee of Bank Leumi LeIsrael Ltd. (Israel’s second largest bank) and head of the bank’s non-banking and financial services division. From 1986 to 1995 he served as the Chairman of the Board of Migdal Insurance Group. (Israel’s largest insurance group) in which the Italian insurance giant Generali held a controlling stake.
Shlomo Grofman has been involved in numerous voluntary and non-profit
Non-profit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...
activities. Among other things, he was Governor of Rotary Israel and a special advisor of the World President of Rotary International. He also served as the Chairman of the Friends of the Weitzman Institute. Mr. Grofman is currently Chairman of the Board of Trustees of the Interdisciplinary Center for Law, Politics and Business in Herzliya
Herzliya
Herzliya is a city in the central coast of Israel, at the western part of the Tel Aviv District. It has a population of 87,000 residents. Named after Theodor Herzl, the founder of modern Zionism, Herzliya covers an area of 26 km²...
, Chairman of Yuval – the Ensemble for Jewish and Cantorial Music and Member of the Israel-America Chamber of Commerce.