Eli Hurvitz

Eliyahu "Eli" Hurvitz ( _he. 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.Cite web
title = Hurvitz, Eli (1932–)
work = encyclopedia.jrank.org
accessdate = 2008-10-11
url = http://encyclopedia.jrank.org/articles/pages/5730/Hurvitz-Eli-1932.html]

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.Cite news
title = Horowitz Eli
work = nfc
accessdate = 2008-10-11
date = 2002-03-17
url = http://www.news1.co.il/Archive/006-D-560-00.html?tag=11-56-29 he icon] Cite news
last = Weintraub
first = Don
title = Eli Hurvitz: president and CEO, Teva Pharmaceutical Industries.
work = ICEN
accessdate = 2008-10-11
date = 1991-02-22
url = http://www.accessmylibrary.com/coms2/summary_0286-9233700_ITM] After his graduation from the Hebrew 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. 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.Cite news
title = Hurvitz, Eli
work = Reuters
accessdate = 2008-10-11
url = http://www.reuters.com/finance/stocks/officerProfile?symbol=TEVA.O&officerId=132712] Cite news
last = Coren
first = Ora
title = Most respected managers in market: Tshuva, Dankner, Maor and Hurvitz
work = Haaretz
accessdate = 2008-10-11
date = 2008-02-21
url = http://www.haaretz.com/hasen/spages/955989.html]

He served as chairman of the Israel Export Institute from 1974 to 1978. 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.

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.

In March 1996 he was indicted on charges of a $18 million tax evasion in corporate taxes as head of a Teva subsidiary, Promedico.Cite web
last = Dougal Gasbarre
first = April
title = Teva Pharmaceutical Industries Ltd.
work = Answers.com
accessdate = 2008-10-11
url = http://www.answers.com/topic/teva-pharmaceutical-industries-ltd] In 1998 he was convicted by the Jerusalem district court,Cite news
last = Magen
first = Hadas
title = Teva CEO Eli Hurvitz Convicted of Tax Fraud Offences
work = Globes
accessdate = 2008-10-11
date = 1998-12-16
url = http://www.globes.co.il/DocsEn/did=371915.htm] but was acquitted by the Supreme Court of Israel in 2000.Cite news
title = The Israeli Supreme Court Fully Acquitted Eli Hurvitz,Teva's President and CEO.
work = Business Wire
accessdate = 2008-10-11
date = 2000-09-07
url = http://www.allbusiness.com/company-activities-management/company-structures-ownership/6498120-1.html]

He 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 2003 he received the Israel Prize for lifetime achievement. In 2005 he 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. In 2006, Forbes estimated his wealth at $500 million and listed him as the 30th richest Israeli.Cite news
title = #30 Eli Hurvitz
work = Forbes
accessdate = 2008-10-11
date = 2006-11-12
url = http://www.forbes.com/lists/2006/81/biz_06israel_Eli-Hurvitz_98MY.html] In 2008, he was voted the third most respected manager in the Israeli market.

References

External links

*Cite web
title = Eli Hurvitz - Chairman of the Board
work = tevapharm.com
accessdate = 2008-10-11
url = http://www.tevapharm.com/about/Eli_Hurvitz.asp
*Cite web
title = The Eli Hurvitz Institute of Strategic Management
work = tau.ac.il
accessdate = 2008-10-11
url = http://recanati.tau.ac.il/Eng/Index.asp?CategoryID=364