IAI North America CEO steps down

Robert Fogelsong Photo: Katarina Stoltz, Reuters
Robert Fogelsong Photo: Katarina Stoltz, Reuters

Robert Foglesong's departure leaves a vacuum in Israel Aerospace's US operations with IAI CEO Joseph Weiss consistently refused a US visa because of a spying affair.

Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) North America chief executive General (retired) Robert Foglesong stepped down last week. It would appear that Foglesong's departure is a routine management change but it leaves Israel's largest defense company's US operations without a captain at its helm.

By coinicidence, Foglesong stepped down on the day that it was revealed why IAI CEO Joseph Weiss is unable to obtain a visa to visit the US. The reason the US Trump administration and the Obama administration before it have been denying Weiss a visa for the past five years, as well as former CEO Yitzhak Nissan, and possibly several other senior executives, is a spying affair involving US scientist Stewart David Nozette.

The indictment filed against Nozette did not claim that the government of Israel, IAI, or anyone on their behalf, had broken US law. In fact, the indictment makes it clear that it was a case of an FBI sting operation. The FBI used Israel as bait, but Israel actually had no part in the affair.

Published by Globes [online], Israel business news - www.globes-online.com - on October 29, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

Robert Fogelsong Photo: Katarina Stoltz, Reuters
Robert Fogelsong Photo: Katarina Stoltz, Reuters
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