Hanan Achsaf, president and chairman of Motorola Israel, is retiring at the end of May for private business. He intends to set up a communications startup together with his son.

Achsaf joined Motorola 36 years ago as a development engineer.

Motorola Israel employs more than 4,000 people. Its annual turnover is about $1.2 billion. Achsaf, one of Motorola Israel's founders, has served as its president and chairman for about ten years.

Achsaf also helped found Pele-Phone Communications together with the Bezeq phone company. Motorola recently sold its 50% stake in Pele-Phone Communications to the Shamrock investment group.

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While serving as president of Motorola Israel, Achsaf also served as the prime minister's adviser on telecommunications, chairman of the Israel Electronics Industries Association, and chairman of the Israel-America Chambers of Commerce. He also spearheaded an effort called A PC for Each Child.