Israel Securities Authority Appoints Sarah Kandler as New CEO
Adv. Sarah Kandler will succeed Adv. Oded Shapiro as CEO of the Israel Securities Authority, ensuring internal continuity following Shapiro's 25-year tenure.
Generational shift at the top of the Israel Securities Authority: Adv. Oded Shapiro will conclude a 25-year tenure at the authority in December, including seven years as CEO, and will be succeeded by Adv. Sarah Kandler. It is important to emphasize that Shapiro did not serve as CEO for the entire 25 years in the organization, but rather filled a series of roles until he was appointed in 2019 as the authority's first CEO.
ISA Career Path
Shapiro effectively grew from within the system. Over the years, he served in investigation, intelligence, and management roles, and later became the authority's general secretary. After the CEO position was created, he was the first to step into it and held it for seven years. Now, after announcing the end of his tenure, the authority is once again opting for an internal appointment rather than an external figure.
The person chosen to replace him is Adv. Sarah Kandler, who has been employed by the authority since 2001. Today she manages the Inspection and Enforcement Department and in the past also managed the Corporations Department, served as Deputy Legal Advisor, headed the legislation unit, and served as senior advisor to the authority's chairman. The appointment was made following an internal tender.
Strengthening Market Oversight
Kandler's selection is particularly interesting due to the role she is coming from. In 2024, she was placed at the head of the newly formed Inspection and Enforcement Department, created as part of a plan to strengthen supervision and enforcement in the capital market. The department unites inspection and administrative enforcement fields under its umbrella, so her appointment as CEO preserves a figure at the top of the authority who intimately knows the side responsible for overseeing companies and officers.
"Kandler brings rich experience, deep familiarity with the authority and with the capital market inside and out," stated ISA Chairman Simi Singer.
Kandler herself stated that she will continue working "to ensure the proper and stable operation of the capital market."
In fact, the transition from Shapiro to Kandler does not signal the entry of new management from the outside, but rather clear continuity from within the ranks of the authority itself. After 25 years of work by Shapiro, the responsibility now passes into the hands of someone who has also grown almost throughout her professional career within the same regulatory body.
