March 13/Tel Aviv/Reuters -- Osem Investments said Itzik Saig would be chief executive from April 2, succeeding Gezi Kaplan.

Saig serves as head of Osem Israel and as deputy CEO.

"In light of the CEO's announcement that he will end his term on April 2, 2012, when he will complete six years as CEO due to his health situation, Osem's board of directors decided with sorrow to agree to his request to appoint in his place Mr. Itzik Saig," Osem said in a brief statement.

Osem, 53.8% held by Swiss food company Nestle , said in December Kaplan would take sick leave following surgery and orthopedic rehabilitation.

 From the March 13, 2012, Prepared Foods' Daily News.