Connect with us

Hi, what are you looking for?

Jewish Business News

Leadership & A-List

Teva VP Ika Abravanel Resigns

Abravanel’s is the first senior departure from Teva since Erez Vigodman became CEO.

TEVA Ika_Abravanel

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

In the first departure from the senior management of Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) since Erez Vigodman became CEO last month, Ika (Isaac) Abravanel has resigned. Abravanel joind Teva from Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) in 2007, and was appointed Executive Vice President Teva Corporate in Israel and Global Community Alliances in September 2013. He was joint chairman of the steering committee for the joint venture with Procter and Gamble in non-prescription drugs.

Abravanel was at the forefront of the moves to carry out extensive layoffs at Teva. “If we don’t downsize, our leadership is in question, ” he said of the company’s announcement that it would dismiss 10% of its workforce, some 5, 000 people.

In announcing that he would leave the company, Abaravanel said today that he wished to follow an independent course. He began his career at Teva as Corporate Vice President, Human Resources, and was responsible for reorganizing the company’s global human resources system. In addition to this, in 2009, he became Chief Integration Officer.

Teva president and CEO Erez Vigodman said today, “Ika’s varied experience and the leadership qualities with which he is gifted have been of immense value to Teva over the years. I respect the way in which he has made the decision to pursue an independent career. I thank him for the years of professional and dedicated work, and wish him continued success and personal fulfilment in his new course.”


Published by Globes [online], Israel business news – 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.