Eli Rozenberg (born 1993) is an Israeli American entrepreneur, who is the controlling shareholder of El Al with a 42.85% stake in the company.
Biography
Eli Rozenberg was born in 1993 in Monsey, New York. His father is the CEO of US Centers Healthcare.[1] Growing up in a Modern Orthodox household, he attended the Marsha Stern Talmudical Academy for high school.
Career
In 2020 Rozenberg's company, Kanfei Nesharim, bought a 42.85% stake in El Al after the company needed to raise capital because of their increasing debt.[1] Israeli law requires that the owner of El Al be an Israeli, and while Rozenberg is Israeli (in addition to his American citizenship), this caused some concern amongst the board of the company, because they were afraid that this would be a front for his father to control the airline, due to him giving his son a $100 million loan to purchase the airline. Rozenberg has clarified that he will be calling the shots and that his father will not be involved in any decisions.[2] Additionally, Rozenberg will not be allowed to receive any more loans from his father nor sell any of his shares to his father. Another caveat is that anyone Rozenberg wants to make CEO or add to the board must have at least 5 years of experience in the aviation industry.[3]
References
- ^ a b Solomon, Shoshanna (17 September 2020). "El Al's new owner: Eli Rozenberg, a 27-year-old yeshiva student from New York". Times of Israel. Retrieved 9 November 2020.
- ^ Scheer, Steven (24 September 2020). "El Al claims airline's buyer is front man for his non-Israeli father". Reuters. Retrieved 9 November 2020.
- ^ Hacohen, Hagay (4 October 2020). "26-year-old yeshiva student takes reins of El Al, some strings attached". Jerusalem Post. Retrieved 9 November 2020.
This page was last edited on 17 April 2021, at 17:52