MK Erel Margalit of the Labor party announces he is retiring from the Knesset.
Margalit, who was an entrepreneur before going into politics, was a member of Knesset for five years and recently launched a failed bid to capture the leadership of the party.
In a statement, he says he will go back to helming a foundation that he started with his wife 15 years ago.
“The foundation seeks to change the realities of tens of thousands of children through education and community, and gives them a real shot at success.”
Zionist Union MK Erel Margalit attends a Finance Committee meeting at the Knesset on January 11, 2016. (Miriam Alster/Flash90)
Labor Party chairman Avi Gabbay, who beat Margalit in the leadership bid earlier this year, says he’s sorry to see Margalit go.
“I spoke this evening with MK Margalit and I’m happy that despite his retirement from the Knesset, Erel intends to continue to be active in the party,” he says in a statement.
Gabbay also congratulates Margalit’s replacement in the Knesset, Yokne’am Deputy Mayor Lea Fadida.
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