Security Contractor Magal Appoints New CEO
Dror Sharon is set to replace Saar Koursh, who was appointed CEO in 2015
Nasdaq-listed security contractor Magal Security Systems, Ltd. announced on Thursday the appointment of Dror Sharon to the role of CEO. Mr. Sharon is set to replace Saar Koursh, who has served as CEO since 2015.
Founded in 1969 as a department of Israel Aerospace Industries (IAI) and established as a private company in 1984, Magal develops and markets security and site management products as well as cybersecurity systems for use in airports, seaports, borders, military bases, and government facilities in over 80 countries.
Among Magal’s catalog of products are smart fences and sensor-fitted walls, and the company has been involved in the building of Israel’s security walls in the West Bank and on the Gaza border.
In December 2017, Magal announced it had signed a $13 million contract to provide security products as a subcontractor for Toyota Tsusho Corporation, a member of the Toyota Group.