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EL AL President Resigns Over Differences In First

Sun Feb 24, 2002 5:39 am

Skytrax EL AL News

21 February 2002 Source: IsraelBusinessArena

El Al Israel Airlines president and CEO David Hermesh announced his resignation this afternoon. Hermesh has served in the post since November 2000. Hermesh's decision is a result of disputes with El Al chairman Michael Levi.

Informed sources said the disputes centred on "matters of consequence linked to the company's future strategy." Sources close to Hermesh said today that another reason for his resignation was the delay in privatizing El Al.
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