David Maimon, new ElAl CEO
David Maimon, new ElAl CEO Photo by Sivan Frej
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El AL's board of directors appointed a new CEO on Wednesday to replace Eliezer Shkedy, who resigned last month after four years. David Maimon, who serves as vice president of trade and aviation relations with the Israeli airline, will start on March 20.

Maimon joined the airline in 2005, and served as a career colonel in the Israel Defense Forces until 2000. He told TheMarker that he appreciates the appointment, and is aware of the great challenges he faces.

When Shkedy resigned he issued a statement saying he felt “pride and tremendous satisfaction” about his role at the airline but regretted failing to reach a new collective labor agreement with unions, which is considered a key element in the company’s ability to compete. “El Al must reduce spending for the sake of a better future for its personnel and passengers if it wishes to continue to grow and compete in the field of aviation, which is variable and challenging.”