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Eli Hurvitz

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Eliyahu "Eli" Hurvitz (Hebrew: אליהו "אלי" הורביץ, born 1932) is an Israeli industrialist. He is the Chairman of the Board and former CEO of Teva Pharmaceutical Industries.

Biography

Hurvitz was born in Jerusalem, in the British Mandate of Palestine, in 1932. In 1934, Hurvitz his family moved to Tel Aviv. In May 1948, he and his classmates were drafted by the Israel Defense Forces to fight in the 1948 Arab-Israeli War. In early 1949 he resumed his studies for five months and completed his matriculation (Bagrut) exams. After graduation, he joined kibbutz Tel Katzir, where he met Dalia Solomon. In June 1953 they got married and left the kibbutz in October.[1]

He studied economics at the Hebrew University of Jerusalem. He joined Assia Chemical Labs Ltd., a small firm of which Dalia's father was a managing partner, as a dish washer in the laboratory.[2][3] After his graduation from Hebrew University in 1957 he began doing office work at Assia and moved to executive ranks. In 1964, Assia merged with Zori and in 1969 acquired a controlling interest in Teva. In 1976, the three firms merged into Teva Pharmaceutical Industries Ltd. with Hurvitz as the CEO.[1] He resigned as CEO in 2002 and handed over the position to Israel Makov, and has since been the company's Chairman of the Board.[4][5]

He served as chairman of the Israel Export Institute from 1974 to 1978.[1] In 1981 he was made president of the Israel Manufacturers Association, a position he held until 1986. From 1985 to 1986 he headed Shimon Peres' economic plan to fight the inflation, for which he was awarded the Industry Prize. In 1986 he was appointed chairman of the board of Bank Leumi. In 1987, he resigned after his name was associated with Israel's bank stock crisis of 1983.[2]

He was chairman of the Jerusalem Development Authority from 1989 to 1992; a member of the Advisory Committee of the Bank of Israel from 1991 to 1995; director of Koor Industries Ltd. from 1997 to 2004; and director of Magal Security System Ltd. from 1992 to 1994. He also served as chairman of the Executive Committee of the Weizmann Institute of Science from 1989 to 1995. He has been a member of the board of governors of Tel Aviv University since 2001, a director of Vishay Technologies since 1997, and chair of the Israel Democracy Institute since 2002.[1]

In March 1996 he was indicted on charges of a $18 million tax evasion in corporate taxes as head of a Teva subsidiary, Promedico.[6] In 1998 he was convicted by the Jerusalem district court,[7] but was acquitted by the Supreme Court of Israel in 2000.[8]

Awards and honours

Hurvitz received honorary doctorates from the Technion Israel Institute of Technology in 1990, the Weizmann Institute of Science in 1994, Ben-Gurion University in 2002 and Tel Aviv University in 2004.

In 2002, he received the Israel Prize, for lifetime achievement and special contribution to society and the State.[9][10]

In 2005, Hurvitz was named Business Leader of the Decade by Dun & Bradstreet.

From 2002 to 2005 he served as a member of the International Council of the Belfer Center for Science and International Affairs.[1] In 2006, Forbes estimated his wealth at $500 million and listed him as the 30th richest Israeli.[11] In 2008, he was voted the third most respected manager in the Israeli market.[5]

References

  1. ^ a b c d e "Hurvitz, Eli (1932–)". encyclopedia.jrank.org. Retrieved 2008-10-11.
  2. ^ a b Template:He icon
  3. ^ Weintraub, Don (1991-02-22). "Eli Hurvitz: president and CEO, Teva Pharmaceutical Industries". ICEN. Retrieved 2008-10-11.
  4. ^ "Hurvitz, Eli". Reuters. Retrieved 2008-10-11.
  5. ^ a b Coren, Ora (2008-02-21). "Most respected managers in market: Tshuva, Dankner, Maor and Hurvitz". Haaretz. Retrieved 2008-10-11.
  6. ^ Dougal Gasbarre, April. "Teva Pharmaceutical Industries Ltd". Answers.com. Retrieved 2008-10-11.
  7. ^ Magen, Hadas (1998-12-16). "Teva CEO Eli Hurvitz Convicted of Tax Fraud Offences". Globes. Retrieved 2008-10-11.
  8. ^ "The Israeli Supreme Court Fully Acquitted Eli Hurvitz,Teva's President and CEO". Business Wire. 2000-09-07. Retrieved 2008-10-11.
  9. ^ "Israel Prize Official Site (in Hebrew) – Recipient's C.V."
  10. ^ "Israel Prize Official Site (in Hebrew) – Judges' Rationale for Grant to Recipient".
  11. ^ "#30 Eli Hurvitz". Forbes. 2006-11-12. Retrieved 2008-10-11.

See also

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