K.B. Recycling Industries Ltd. announced the appointment of Mr. Amichai Krupik as interim Chief Executive Officer of the Company effective March 1, 2022 (the Effective Date). Mr. Krupik will succeed Shmulik Porre, who will be resigning for personal reasons on the Effective Date and will assist the Company through this transition. Mr. Krupik previously served as the Company's Chief Executive Officer between 2017 and May 2020, after which he served as the Company's Founder for Innovation and Technology Development.