Tel Aviv: Israel’s Defence Minister, Israel Katz and the Minister in charge of the Government Companies Authority, Dudi Amsalem, on May 13 signed the official appointment letter appointing Boaz Levy as Chairman of the Board of Directors of Israel Aerospace Industries (IAI). The appointment follows Levy’s election by the company’s Board of Directors and the Senior Appointments Committee’s approval.
The appointment marks a precedent in the history of Israeli government-owned companies, making Levy the first serving CEO to be appointed Chairman of the Board of Directors of the same company.
Defence Minister Israel Katz, said, “This unprecedented step brings together deep managerial, technological and defence experience to IAI’s Board of Directors. Boaz Levy has demonstrated an exceptional ability over the years to lead IAI to significant achievements, both in terms of defence as well as economically. As someone who evolved in IAI over the last few decades, Boaz knows the company in depth and I am certain that his broad and deep familiarity with all levels of the organisation and the extensive experience he has accumulated provide him with a unique ability to lead the Board of Directors at this significant point in time. Prime Minister Netanyahu and I are leading a broad-based strategic plan, with an investment of hundreds of billions of shekels, to build the military power of the State of Israel and achieve self-reliance in defence. IAI plays a key role in this national process, and I am certain that Boaz Levy is the right person to lead significant security processes, accelerate the development and production of advanced systems, and strengthen the qualitative superiority of the State of Israel.”
Minister in charge of Israel’s Government Companies Authority, Dudi Amsalem, commented, “Boaz Levy’s appointment as Chairman of the Board is a direct expression of trust in the professionalism, experience, and extraordinary achievements he has brought with him over the years. This is a step that ensures management continuity and the continued growth momentum of the company. I am confident that in his new role, Levy will continue to lead IAI forward, strengthen its position in the international arena and deepen its contribution to Israel’s security and economy. Government-owned companies are a strategic asset to the State of Israel and play a vital role in strengthening its economy, industry and national resilience. IAI is at the forefront of this effort.”
Incoming IAI Chairman of the Board of Directors, Boaz Levy, stated, “I would like to thank the Minister of Defence and the Minister in charge of the Companies Authority for their trust, and the company’s Board of Directors for their support. IAI is a strategic asset to the State of Israel, combining technological excellence with a national mission. In my role as Chairman, I will work to ensure the company’s continued growth momentum and to strengthen its security and business capabilities, while continuing to lead groundbreaking innovation and promoting long-term strategic initiatives, including expanding activities in international markets. I want to thank the company’s management, the worker’s organisation, and the company’s dedicated employees, who have led the company to unprecedented security, technological and business achievements, as demonstrated in the recent military operations in defending Israel’s citizens, while positioning the supremacy of Israel’s Defence Forces.”
Boaz Levy has served as CEO of Israel Aerospace Industries since 2020. Throughout his tenure, he has led the company to unprecedented technological and business results, strengthening its position as one of the world’s leading defence companies. Under his leadership, Israel Aerospace Industries has significantly expanded its global operations, achieved record order backlogs, and delivered exceptional financial performance.
Levy began his career at IAI in 1990 as an engineer on the Arrow programme and later held several key positions in the company, including head of the Arrow programme, head of the Barak programme, director of the Air-Defence Systems Plant, and EVP of the Systems, Missiles and Space Group.
Levy holds a bachelor’s degree in aeronautical engineering and a master’s degree in systems engineering – both from Israel’s Institute of Technology. He has thirty-five years of experience in financial, technological, business, management, and marketing fields, as well as leading a long line of huge transactions with clients around the world.
