Elco Ltd. is a major Israeli company, owner of the Electra super brand. Rooted in industry, Elco’s companies today touch many lives at a variety of instances – construction, infrastructure, consumer electronics, telecommunications, entertainment and more. Generating an annual turnover of USD 2.4 billion in 2018. Publicly traded on the Tel Aviv Stock Exchange (TASE) and valued at 566 Million USD (2 Billion NIS). Elco is a global company active in more the 15 countries, employing more than 10,000 dedicated workers.
Rooted, passionate, innovative, people driven & determined to win. Our values are part of our DNA. They guide the way we work with our business partners, within our communities and with each other.
Deeply rooted in industry, Elco has a long track record of excellence in operating within complex systems and businesses.
Core activity - acquiring controlling stocks in leading companies within their fields.
Business focus - creation of expertise in defined operational segments.
Intelligent and responsible growth and development of long term business while disposing of assets that have exhausted their long term potential.
Elco is about getting it done. It has a lean and efficient management team of passionate and experienced executives.
Mr. Daniel Salkind has served as Co-Chief Executive Officer and Member of the Board of Directors of Elco Holdings Ltd since 2002.
Mr. Salkind's other jobs include Chairman of the Board of Directors of ECP, and he also serves as director at public and private companies.
Mr. Daniel Salkind received his Bachelors degree in Economics from Haifa University, and his MBA from Northwestern University, in cooperation with Tel-Aviv University.
Mr. Michael Salkind has served as Co-Chief Executive Officer and Member of the Board of Directors of Elco Holdings Ltd since 2011.
Mr. Michael Salkind received his Bachelor degree in Business Administration from Boston University, the United States, and his MBA from Columbia University, the United States.
Mr. Israeli, with an extensive background in Investment Banking, has served as Vice President of Business Development at Elco since 2004.
Avi is a qualified Lawyer and holds his Bachelor's Degree in Law from the Hebrew University of Jerusalem. He is also an MBA graduate of INSEAD Fontainebleau/France as well as of the Harvard Business School's Advanced Management Program (AMP).
Mr. Eli Vessely serves as CFO of Elco Holdings Ltd. and of Electra Real Estate Ltd. He is with the group since 1994 when he was appointed as comptroller of Elco Industries.
He holds a BA in economics and accounting from Bar-Ilan University and is a licensed CPA.
A public company with family values. Founded and led by the Salkind family, a small industrial company became a multi-billion global conglomerate, while keeping its integrity and core values.
Elco Ltd. was founded by Alexander Salkind in 1949 as a small electro mechanical industrial company. His son, Gershon Salkind, joined the family business and since taking over as chief executive in the early 1970’s, he has grown the company exponentially through a series of mergers and acquisitions. Today, Elco is led by Alexander's grandsons Daniel and Michael and it is a leading industrial group, conducting a wide range of business activities. Gerson Salkind, who passed away in 2017, was always a people’s person and felt responsible towards his employees and partners, especially public shareholders. His legacy lives on.
