Bringing the children into the family business
Nimrod Borovich appointed as head of joint strategic projects at El Al, a new position that pays NIS 25,000 a month.
Dedi Borovich, the main controlling shareholder at El Al Israel Airlines, wants to appoint his son, Nimrod Borovich, as head of joint strategic projects at El Al, a new position that pays NIS 25,000 a month, and which will be presented for approval at the general shareholders' meeting. The shareholders will also be asked to approve a raise for board members. At present they earn NIS 61,170 a year, but if their raise is approved they will receive an additional NIS 2,280 for every board meeting they attend, plus free airline tickets.
Also on the El Al shareholders' meeting agenda is the salary terms for the new board chairman, Amikam Cohen, but no details of his employment conditions have yet been released.
One year after Rona Dankner - the daughter of IDB Holdings' chairman and controlling shareholder Nochi Dankner - joined her father's business after completing her MBA at the Interdisciplinary Center in Herzliya, Nochi has appointed her to the board of Property and Building, IDB's real estate arm. At 26, Rona will be the youngest member on the company's board. Rona will be replacing Oren Leader, former senior vice president and CFO at Discount Investments. About four months ago Rona was appointed to the board of Elron Electronic Industries, IDB's high-tech investment arm.
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