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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