The new Israel Electric chairman resigns, criticizing political intervention

The newly appointed chairman of Israel Electric Corp., Dov Baharav, has announced his resignation even before taking up his new position. He said: “Less than three weeks ago, at the meeting where you elected me to serve as company chairman, I promised to bring leadership skills to the job that would contribute to the company’s performance and to continue to implement the reform and add breakthroughs. changes to the largest state-owned company in Israel. “

Baharav harshly criticized the behavior he found at Israel Electric Corp. “I was prepared to deal with hard work and complex management challenges, but to my great regret in the few but intense weeks that have passed since I was elected, after which the process was completed to elect a CEO for the company and a procedure for finding a replacement for the secretary of the board I was subjected to aggressive intervention by political considerations from the board and people in management that I have not seen before in senior positions that I have held in leading companies in the economy. “

Baharav was reportedly unable to get his own candidate elected as secretary of the board due to the intervention of the Minister of National Infrastructure, Energy and Water Resources Karine Elharrar.

Baharav added: “In my best judgment, this behavior could harm the company and its proper management. With this in mind, I have decided to leave the job and the board immediately. I thank the Minister of Energy and the Minister of Finance again for the appointment and regret the reality that does not allow me to fulfill it. “

Elharrar said: “I regretfully received the announcement from Dov Baharav of his resignation from the Board of Directors of Israel Electric Corp. With even greater regret, I heard the serious evidence of political action and pushed professional considerations aside from some members of its margins. Board of Directors, Conduct “which I will not support. I will continue to work with the goal of bringing professional, proper and proper management into Israel’s largest state-owned enterprise.”

Published by Globes, Israel business news – en.globes.co.il – on April 26, 2022.

© Copyright by Globes Publisher Itonut (1983) Ltd., 2022.


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