RADA Electronic Industries Ltd. reported that its Board of Directors has accepted the decision of Mr. Zvi Alon, RADA’s CEO, to step-down and leave the Company following 17 years of service, including 10 years as its CEO, since July 2007. Mr. Dov Sella, the company’s current Chief Business Development Officer will be replacing Mr. Alon, effective immediately. Mr. Sella joined RADA in January 2003 and has served as COO since April 2003 until July 2007, at which point he was appointed the company’s Chief Business Development Officer. Prior to RADA, between 1982 and 1997, Mr. Sella worked at Elbit Systems Ltd., where he served in a number of managerial roles including Director of Programs, Director of Avionic Engineering and Director of Business Development. Between 1997 and 2000, he served as VP of Business Development and VP of R&D of a medical devices start-up, UltraGuide Ltd. The three years prior to joining RADA, Mr. Sella was the president of NeuroVision Inc.