TEL AVIV – November 03, 2026 -- Elron Ventures Ltd. (TASE: ELRN) has appointed three new directors and an interim chairman, and is searching for a new CFO, as it prepares to deploy up to $300 million in a defense and dual-use acquisition program with Rafael Advanced Defense Systems.
Dan Hoz returns as interim chairman after prior stint at the helm
Board member Dan Hoz becomes Interim Chairman. He previously chaired Elron and is familiar with its portfolio companies and strategy. Hoz was Managing Director of Siemens EDA in Israel, Vice President at Siemens Digital Industries Software, and earlier CEO of Valor.
Former Cellebrite CFO Dana Gerner joins as external director
Dana Gerner, previously Chief Financial Officer of Cellebrite, takes an External Director seat. Elron cites her record in growth strategy, capital markets activity and investor relations at global, publicly traded technology companies.
Ex-PwC Israel partner Ido Heller adds audit and risk expertise
Ido Heller, CPA, joins as an Independent Director. He is a former senior partner at PwC Israel, where he served as Head of Audit and Chief Risk Officer. He also audited Elron during his time at PwC. Heller is currently Co-CEO of Titan Group.
Attorney Yaniv Rog also joins the board. He advises public and private companies and controlling shareholders on legal, financial and tax matters, and he formerly headed tax practices as a senior partner at leading law firms. Rog sits on boards within the Alon Blue Square Group, including Dor Alon.
Arieli Group leads leadership overhaul as controlling shareholder
Arieli Group, Elron's controlling shareholder, is leading the effort with management to strengthen leadership. Elron has advanced its search for a new CFO and other senior executives. It also plans to expand senior management and create a Strategic Advisory Board to support the evaluation and execution of investment and acquisition opportunities.
Rafael joint venture to fund up to $300 million over about three years
Elron and Rafael are equally funding Rafael Development Corporation Ltd. (RDC), their joint venture, with a commitment of up to $300 million over roughly three years, subject to required approvals. The M&A strategy targets controlling stakes in dual-use technology companies serving both defense and civilian markets. Elron will continue investing in early-growth companies across Cybersecurity, Deep Tech, Defense Tech and AI.
The M&A track complements Elron's existing investment approach, which is primarily based on exits and secondary transactions.
CEO Yaniv Shnieder, who is also Co-CEO of RDC, said the new directors reflect Elron's commitment to "enhancing the expertise and financial resources" needed to execute its strategy.