Israel Railways Board Reinstates Avshalom Almaliach as Acting CEO

The Israel Railways board decided on Sunday to reinstate Avshalom Almaliach as the acting CEO. Almaliach, who currently serves as the Vice President of Planning and Operations and deputy CEO, had previously held the acting CEO position until March, when he took medical leave. His replacement during that period was Avner Flor, who has now been approved by the appointments committee as the company chairman.

The appointments committee must still approve Almaliach's reinstatement as acting CEO. This follows last week's rejection of Yaakov Marciano's nomination for acting CEO due to his limited experience, a decision that sparked controversy and led to the resignation of two board members in protest. The company has been led by interim CEOs since the permanent CEO, Moshe (Shiko) Zana, resigned in July of the previous year.

Israel Railways has been operating without a permanent CEO for over a year, and the search committee plans to launch a new recruitment round after failing to find a suitable candidate. The ongoing leadership uncertainty continues amid efforts to stabilize the company's management.