Former Israeli Budget Director Yogev Gardos Joins Shapir Engineering as Senior Executive

Shapir Engineering, a leading Israeli infrastructure and engineering group owned by the Shapira family, announced the appointment of Yogev Gardos as a senior executive starting September 1. Gardos, previously the Budget Director at Israel's Ministry of Finance for about five years and with 15 years of experience in the Budget Department, will serve as head of the Finance and Business Development Division and join the company's senior management team.

Shapir highlighted Gardos's extensive public sector leadership experience, macroeconomic insight, and collaborative, innovative approach as key assets that will support the company’s growth planning. The company views his recruitment as strengthening its management ahead of a major infrastructure development wave expected in Israel over the next decade.

Gardos has held multiple public roles, including directorships at Port of Haifa and PG Glilot, chairing the Finance Committee at Haifa Port, membership in the Israel Land Authority, the Electricity Authority, and recently leading a team to enhance competition in the banking sector. He holds degrees in economics, accounting, business administration, and public administration from the Hebrew University and Harvard University.

Upon his appointment, Gardos emphasized Israel’s upcoming infrastructure and security development surge and expressed pride in joining Shapir, which has shaped the country’s landscape for nearly 60 years. He looks forward to collaborating with the company’s workforce to drive strategic growth.

Separately, Shapir reported strong financial results for Q2 2026, with revenues rising 21% to approximately 1.7 billion shekels. Growth was broad-based, notably in real estate due to increased housing sales and senior living operations. Gross profit margin improved to 13.3%, operating profit rose to about 246 million shekels from 90 million the previous year, and net profit attributable to shareholders surged 130% to 108 million shekels. The company also recorded 125 million shekels in net other income, mainly from revaluation of investment properties. Shapir’s stock price has increased 37% year-to-date, valuing the company at 15 billion shekels.