El Al Initiates Process to Find New CEO

El Al has announced the commencement of a process to find a new CEO, following the decision of Dina Ben-Tal Gannensia, who announced her departure after leading the company for three and a half years.

The committee began its work this week, led by the Chairman of El Al's Board of Directors and composed of additional representatives from the board, including an external director, and accompanied by a recruitment company specializing in senior executive search.

El Al noted that the process is expected to last several weeks, during which the committee will receive candidates for the position and conduct in-depth interviews with suitable candidates.

Upon completion of the committee's work and approval by the board, the company will update on the appointment of a new CEO, in accordance with the laws applicable to it as a public company.

It should be noted that Dina Ben-Tal Gannensia, who led El Al since April 2022, managed the company during a challenging period of recovery from the coronavirus crisis and complex security periods. Under her management, El Al presented unprecedented financial performance with a net profit of about $545 million in 2024, a significant strengthening of the cargo activity, and a 37% increase in revenues that amounted to about $3.4 billion.