Until May 2003, Leon Recanati was CEO and Chairman of IDB Holding Corporation, one of the largest and the most diversified holding company in Israel, controlling around 150 different companies, and one of the "fathers" of the hi-tech industry in Israel through corporate VC's like Elron (NASDAQ:ELRN), Infinity, and Clal Biotechnology, or as a GP or LP in the leading Israeli VC's. Also, Leon was Chairman of Clal Industries and Investments, Discount Investment Corporation, and Azorim Investment Development and Construction. Until 1997, Leon was chairman of Delek Israel Fuel Corporation and Super-Sol (retail), in addition to several other positions in a variety of operating companies in Israel.
Born in Israel, Leon is the third generation of the Recanati family – a driving force in the Israeli economy and Israeli society since pre-statehood days. Leon received his BA and M.B.A. from The Hebrew University of Jerusalem, and an Honorary Doctorate from the Technion Institute of Technology and Tel Aviv University.