El Al Appoints Levi Halevi as New CEO

El Al's board of directors has decided to appoint Levi Halevi as the company's CEO, following a thorough search process conducted by the company's search committee. The start date of Halevi's tenure will be announced later.

Halevi served as the CEO of Cal Company for the past seven years, during which he led the company to impressive growth and profitability. He also served as the head of the technology division of the Discount Group, and previously held a series of senior management roles in the financial-technology sector, including Deputy CEO of Menora Mivtachim, Manager of the Development Division at Bank Hapoalim, CEO of the Melam Group, and CEO of Consist Systems.

Amikam Ben-Zvi, Chairman of El Al's board of directors, said: "We congratulate Levi Halevi on his appointment as El Al's CEO. Halevi brings with him a rich and proven management experience, along with a deep understanding of the financial and technological world. I have no doubt that together with the people of El Al, who are our most important asset, Halevi will lead the company to new heights. On behalf of the board of directors and all El Al employees, I would like to thank Dina Ben Tal Gannesia for her tenure as CEO and her significant contribution to the company's operations in recent years."

El Al also announced that its CFO, Yaakov (Yankale) Shahar, has announced his retirement, and will be replaced by Deputy CEO and Head of the Economics, Budget, and Business Development Division, CPA Gil Feldman.

Yaakov (Yankale) Shahar joined El Al in 2006 and served in key roles, including the company's treasurer and CFO. During this period, he led aircraft financing deals, managed financial risks and issuances, and was a partner in strengthening the company's financial position. Shahar was responsible for managing the company's financial reports, debt and capital management, budget management, investor relations, and more. Shahar informed the company's board of directors that he intends to retire at the end of November this year.

Meanwhile, the company announced the appointment of CPA Gil Feldman as the new CFO starting December 1, 2025. Feldman, who joined El Al in 2020, serves as Deputy CFO and Head of the Economics, Budget, and Business Development Division. As part of his role, he formulated the company's annual budget and business plan, and accompanied the management in making strategic decisions. Feldman also serves as Chairman of the Board of Directors of Bernstein Company and as a director in the subsidiary companies TMM and Sun D'Or.

Amikam Ben-Zvi, Chairman of El Al's board of directors, said: "I thank Yankale for his many years of contribution to El Al. Yankale strengthened El Al's financial resilience in the most professional way and was an important anchor in the company's management. I wish him great success in his future path. Gil Feldman has proven in recent years first-rate professionalism, when he managed the exit plan from the coronavirus and built the company's budgets over the years in an exceptional manner. I am confident that Gil will lead the company's financial sector with professionalism and great dedication."