FILED UNDER SOMETHINGISRAELI >> Business
The head of one of Israel's biggest companies which owns a large stake in Israeli energy as well as fast food restaurants including Pizza Hut has been named Globe magazine's Man of the Year.
David Wiessman, who doubles as both president of the Alon Group as well as chairman of
Alon USA has been named Man of the year at the 11th annual Israel Business Conference.
In achieving the recognition, the selection panel looked at what the company has achieved in the past year which included buying a controlling stake retailer Blue Square and as a result has a 35% of the food market in Israel under the brands Co-Op, Super Center, MEGA, and Shefa Mehadrin.
Alon itself was formed in 1989 by ten organizations that were part of the
Kibbutz Movement. Today, it the Kibbutz Movement is still involved along with other business partners.
In 1992, David Wiessman got involved through his Bielsol company taking a 50% interest in Alon Israel.
Since then, the company has been on the rise.
"The award I received today is an award for the entire Alon Group," said Mr Wiessman. "When people ask me how we grew from a single service station and 10 employees to a $4 billion company and more than 10,000 employees in the course of a decade, I tell them 'ten years of well-thought out planning process with good execution."
And the execution has been well planned. Today, the company is fast becoming a major player in the oil industry in the States.
In 2000 Alon Israel bought the US retail activities of European energy group TotalFina and now owns 1,700 gas stations across six states including Texas, New Mexico and Arizona.It is also the largest 7-Eleven branded licensee in the States with 172 stores.
For more information: www.alon.co.il