MadaTech chairman, Leon Recanati, a leading businessman, is founder and CEO of the GlenRock Group - Israel, an investment firm which specializes in high-tech, life sciences and financial investments (www.grg.co.il). Until 2003, Mr. Recanati (www.leonrecanati.com) was co-chairman and CEO of IDB Holding Corporation, one of Israel's prime investment companies.
The Recanati family's broad spectrum of economic and industrial interests in Israel has its corollary in a deep-rooted and unswerving commitment to a broad range of causes and issues--initiated by the late L. Recanati, upon his emigration from Thessaloniki, Greece, to Israel, in 1935. Indeed, the Recanati name has become synonymous with philanthropy--both personal and corporate.
Leon Recanati's numerous lay positions include:
Mr. Recanati has been a driving force behind Israeli corporate philanthropy, stimulating Israeli business people to involvement in, and support for, cultural and social causes and projects-out of a deeply-held belief that, "In today's world, one cannot be a leader in business without undertaking responsibility for bettering our society and the individuals who people it; and contributing whatever we can, to alleviate the critical problems which mark Israeli society."