The CEO of Israel Aerospace Industries, Major-General (Ret.) Nimrod Sheffer, stepped 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.
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
It is expected that Sheffer will be replaced by deputy CEO, Eyal Younian. The announcement came amid reports that IAI will layoff 900 employees, mostly from their aviation division, which their employees have vowed to prevent.