Isaac Herzog elected Israeli president

Jewish Agency chairman Isaac Herzog was elected Israeli president. The anonymous vote was held among the 120 members of the Knesset, or parliament.

Herzog will be Israel's 11th president, succeeding Reuven Rivlin, who is set to leave office next month after seven years in office.

Herzog, 60, is a former head of Israel’s Labor Party and opposition leader who unsuccessfully ran against Prime Minister Benjamin Netanyahu in the 2013 parliamentary elections.

He is scion of a prominent Zionist family. His father, Chaim Herzog, was Israel’s ambassador to the United Nations before being elected president. His uncle, Abba Eban, was Israel’s first foreign minister and ambassador to the United Nations and United States. His grandfather was the country’s first chief rabbi.

Herzog defeated Miriam Peretz, an educator who is seen as a down-to-earth outsider. She was also seen as closer to the country's dominant conservative and nationalist political camp.

Herzog has served as head of the Jewish Agency, a nonprofit that works closely with the government to promote immigration to Israel, for the past three years since resigning from parliament. He was widely seen as the favorite because of his deep ties to the political establishment. He will hold office for a single seven-year term starting July 9.

The president, while largely a ceremonial head of state, is tasked with tapping a political party leader to form governing coalitions after parliamentary elections. Israel has held four national elections in the past two years amid a protracted political crisis.

Netanyahu's opponents faced a midnight deadline Wednesday to put together a new coalition government. If they fail, the country could be plunged into another election campaign.

The president also has the power to grant pardons - creating a potentially sensitive situation as Netanyahu stands trial for a series of corruption charges, The AP reported.