The CEO of Israel Aerospace Industries, Major-General (Ret.) Nimrod Sheffer, announced today, Wednesday, July 1, 2020, that he is stepping down following two years as the company’s CEO and six months as VP of strategic planning.
The 59-year-old Sheffer joined IAI as VP of Strategic Planning two-and-a-half years ago after 36 years of military service, including as a combat pilot in the air force. In his last position in the IDF, he served as head of the Planning Division.
During his term as IAI CEO, Sheffer has introduced a series of reforms and transformations and has drafted a growth strategy and a business plan which yielded excellent business results for IAI in the past six quarters, the company said.
In his announcement, Sheffer said, “IAI employees are the spearhead of the Israeli industry, the crème de la crème.” Sheffer thanked the employees, his peers in management, and the chairman and members of the board for their trust and collaboration.
IAI Chairman Harel Locker thanked Sheffer for his valuable contribution to leading the company through challenging times, and for championing complex strategic processes.
Sheffer will leave IAI after training his successor, the company said.