Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that, after 20 years as Chief Financial Officer (“CFO”) of the Company, and having held various managerial positions in Elbit Systems and its subsidiaries around the world for many years prior to that, Joseph Gaspar will become Senior Executive Vice President (“EVP”) – Business Management.
Dr. Kobi Kagan, currently serving as Deputy General Manager and Senior Vice President – Finance and Control of Elbit Systems Land, will replace Mr. Gaspar as EVP and CFO.
The appointments will become effective as of April 1, 2022.
Dr. Kagan was appointed to his current position in Elbit Systems Land in 2018, and from 2010 to 2018 he served as Elbit Systems Land and C4I’s Vice President – Finance and Control. Dr. Kagan joined Elbit Systems in 2008 as a Sales Director at Elbit Systems Land and C4I. Prior to that, Dr. Kagan served for 26 years in the Israeli Navy and in the Israeli Ministry of Defense, where he holds the rank of a Naval Captain (reserves), in a variety of positions, including the Head of the Navy’s budget department. Dr. Kagan holds a bachelor of arts degree in economics and business administration, an MBA in business administration and a PhD in economics from Bar-Ilan University, and is a graduate of the Harvard University Business School’s Advanced Management Program.
Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, said: “With his multi-disciplinary capabilities and vast experience, Joseph Gaspar has played a key role in the Company’s success throughout the years and has contributed significantly to the Company’s financial achievements. I am pleased Joseph will continue to take a leading position in the Company as Senior EVP – Business Management. I am also pleased to appoint Kobi Kagan as the Company’s new CFO and believe his skills and experience will continue to be a great asset to Elbit Systems. I wish Joseph and Kobi success in their new positions and am confident they will contribute significantly to the Company’s growth and excellence in the future.”