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.

Sheffer (59) joined IAI as VP of Strategic Planning 2.5 years ago after 36 years of military service as a combat pilot in the air force. In his last capacity in IDF, he served as head of the Planning Division.

IAI notes that during his term as IAI CEO, Sheffer introduced a series of reforms and transformations and drafted a growth strategy and a business plan that yielded excellent business results for IAI in the past six quarters.

Speculation on the rationale for Sheffer’s resignation (differences over IAI’s IPO strategy) and his likely successor (deputy CEO Eyal Younian) is offered in a CTECH article.