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Industry

IAI to restructure as CEO announces retirement

28 December 2017

Israel Aerospace Industries (IAI) has announced the retirement of its president and chief executive Joseph Weiss and the approval of plans to merge its aircraft interests into a single aviation group.

The state-owned group said on 28 December that Weiss, who has led the group for six years and held various positions within it for 20 years, would retire once a successor is found, adding that Weiss would remain “as long as necessary to ensure [a] smooth transition”.

Weiss joined the group in 1998 following 27 years in the Israeli Navy.

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