The board of directors of ELTA, subsidiary and division of Israeli Aerospace Industries (IAI), which is headed by CEO Joseph Weiss, approved the nomination of Yoav Turgeman to ELTA CEO and IAI EVP.
Turgeman has been serving in managerial positions at IAI for the past 11 years, the most recent one as general manager of the MLM plant, where he was responsible to various IAI strategic operations worth billions of dollars and has advanced MLM to extraordinary business and technological accomplishments. Before MLM, he headed IAI’s “Arrow” Program, where he has been responsible for developing the systems’ advanced configurations. Before joining IAI. Turgeman has served for 25 years in a range of commanding and headquarters at the Israeli Navy, until he was released as colonel after heading the Corps’ fighting systems department. Turgeman holds three academic degrees in electrical engineering, political science and law.
Joseph Weiss, chairman of ELTA’s board of directors and IAI CEO said, “ELTA is a global leader in radars, intelligence, early warning systems, communication, electronic warfare and cyber. As such, it is an integral, complementing party to all of IAI’s operations. I welcome Yoav and wish him luck in his new strategic position, where he will lead ELTA in face of challenges and growing competition in various markets. Yoav brings impressive and proven managerial capabilities, out-of-the-box thinking, creativity and extensive experience in the American market, which is a central ELTA market. I am confident he will take ELTA on a road of long term success and profitability.”
Harel Locker, IAI chairman, added, “Yoav Turgeman belongs with the highly experienced managers who will guide IAI in the coming years, addressing multiple business, operational and technological challenges IAI will face. I have been working with Yoav from my first day at IAI and I trust his leadership, persistence and creativity. I have no doubt he will take our radar and intelligence division – ELTA – to exceptional achievements. Yoav’s nomination is aligned with the recent reshuffling we made at IAI in order to reinforce and make the Company better prepared for the business and defence reality, both globally and regionally.”
ELTA is headquartered in Ashdod, Israel. It employs 3,600 of IAI employees, including many engineers and scientists.
