Tel Aviv, 31st July 2024:

Israel Aerospace Industries, a world-class aerospace and defense leader, has appointed Dror Bar as IAI Vice President and CEO of ELTA. Bar was identified as the most suitable candidate after a long and rigorous search procedure was carried out in accordance with the procedure for appointing a CEO in government-owned companies. ELTA’s board of directors, headed by IAI’s CEO Boaz Levy, has unanimously decided to adopt the recommendation of the search committee, headed by IAI Chairman Amir Peretz, and appointed Dror Bar to serve as IAI’s VP and CEO of ELTA. The appointment is subject to the approval of the Appointments Review Committee, Israel’s Minister of Defense, and the Minister for Regional Cooperation who heads the Government Companies Authority. Prior to those approvals, the appointment will be considered temporary.