Israel Aerospace Industries (IAI) has announced the retirement of its president and chief executive Joseph Weiss and the approval of plans to merge its aircraft interests into a single aviation group.
The state-owned group said on 28 December that Weiss, who has led the group for six years and held various positions within it for 20 years, would retire once a successor is found, adding that Weiss would remain “as long as necessary to ensure an smooth transition”.
