Michael Federmann & family

Early Life

Michael Ilan Yoel "Mikey" Federmann was born in Haifa, Israel, on September 9, 1943. He comes from a prominent Israeli family. His father, Yekutiel Federmann, was a co-founder of the Dan Hotels chain. Michael Federmann received a bachelor's degree in economics and state studies and an MBA from the Hebrew University. He served in the Israel Defense Forces' elite unit Sayeret Matkal.

Rise to Success

Since 2002, Federmann has been the owner of Federmann Enterprises Ltd. He chairs the boards of Elbit Systems and Dan Hotels Corp. He joined Elbit Systems when his company El-Op merged with it in 1998. Under Federmann's leadership, Elbit Systems has become a major player in the global UAV market. The Dan Hotels chain, initially a small guesthouse, has expanded into a national chain.

Key Business Strategies

Federmann's business strategies include expanding Elbit Systems through acquisitions and growing the Dan Hotels chain. He has overseen Elbit's expansion through global buyouts. Dan Hotels has grown through increased tourism and business in Israel and by adding new hotels.

Philanthropy

Federmann has contributed to Barak's political campaigns and to his civilian initiatives, including millions of dollars to the Federmann Cyber Security Center at the School of Engineering and Computer Science at the Hebrew University of Jerusalem.