President Shimon Peres expressed sorrow at the loss of Israeli entrepreneur and social activist Dov Lautman on Saturday evening, saying that he had made an "invaluable contribution" to Israel.
"Today a rare man who dedicated his life to serving the people and society in Israel passed away. Everything he accumulated for himself, he generously gave back to society. Dovik was a true pioneer who worked for peace," Peres stated.
Peres praised Lautman's contributions to both industry and education in Israel.
The president said that he had shared "a deep friendship and natural partnership in ideas and visions" with Lautman.