Ashdod Port CEO Shuki Sagis announced last week he would step down in November after eight years in the position.
Sagis, has been the CEO of Ashdod Port since it was established as an independent company as part of Israel's seaports reform, more than eight years ago.
Ashdod Port Company said that Sagis led extraordinary marketing moves that brought in major shipping companies as customers which made the port a regular port of call for the first time.
Siterman said, "I am well aware of Sagis's great sensitivity about how the planned reform of the seaports will be carried out. I am aware that a great many officials at the Ministry of Finance and Ministry of Transport yearn for his experience and know-how in this process. During his work, we had our disputes and disagreements, but there was no, and there will be no, disputing his professionalism, dedication, and love of his job and the company.
During Sagis's tenure, Ashdod Port Company paid the state a NIS 390 million dividend, a precedent for a government company.