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|October 18, 2006 2:00 p.m.|
|Teva Announces Planned Retirement of President & CEO in 2007|
Shlomo Yanai to Succeed as President & CEO
Jerusalem, Israel, October 18, 2006 - Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) announced today that Israel Makov, 67, has announced his plans to retire as President and CEO during the course of 2007. Shlomo Yanai, 55, will join the company as President and CEO Designate during the first part of 2007.