Who Is Stef Wertheimer?

The Israeli industrialist has a unique perspective on how to reduce conflict in the Middle East

Early on, Stef Wertheimer, the founder of Iscar Metalworking, a manufacturer of industrial precision metal-cutting tools, decided that entrepreneurship was an answer to social and economic problems. In 1937, when he was 11, Wertheimer fled Nazi Germany with his family to what was then British-Mandate Palestine. After leaving school at 14, he made weapons for the Jewish underground before Israel's War of Independence in 1948 and served in the special forces unit Palmach during the war. Four years later, living in the northern town of Nahariya, he started making small industrial tools in his kitchen and delivering them by motorcycle. "There were no jobs, this area was agricultural, and I decided that I had to do something on my own," Wertheimer, now 81, recalls.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.