Amos Shapira appointed IAI director

The former Cellcom CEO is also president of the University of Haifa.

Former Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) CEO Amos Shapira has been appointed an external director of Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1). The job is in addition to his appointment as president of the University of Haifa.

Shapira earned NIS 50 million in salary and options as CEO of Cellcom in 2005-11. In addition, he will receive his salary through the end of 2013 in exchange for his non-competition commitment (both direct and indirect). His gross monthly salary was NIS 141,000 at the end of 2011.

Published by Globes [online], Israel business news - www.globes-online.com - on March 20, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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