Business
Innoviz Strengthens Board of Directors with Industry Executives to Support Next Chapter of Growth as a Global Automotive LiDAR Leader
Stefan Jacoby brings CEO- and President-level experience from General Motors, Volvo, Volkswagen, and MitsubishiAlexander von Witzleben brings CEO-level
About this update from Innoviz Technologies Ltd.
[{"type":"text","content":"Stefan Jacoby brings CEO- and President-level experience from General Motors, Volvo, Volkswagen, and MitsubishiAlexander von Witzleben brings CEO-level experience from Arbonia AG, Feintool International, and JENOPTIK AGTEL AVIV, Israel, Jan. 4, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the \"Company\" or \"Innoviz\"), a leading Tier-1 supplier of high-performance, automotive grade LiDAR sensors and perception software, today announced the expansion of its board of directors with two new members – Stefan Jacoby, former Executive Vice President at General Motors and head of its International Operations, and Alexander von Witzleben, former CEO of Arbonia AG.\n\n\"We are excited to welcome Stefan and Alexander to Innoviz's Board and to benefit from their contributions as we embark on our next stage of growth,\" said Omer Keilaf, CEO and Co-Founder of Innoviz. \"2023 was a breakthrough year for Innoviz as we transitioned into series production, delivered program expansions, and executed on a record level of activity in our RFI and RFQ pipeline. The diverse skills and experience that Stefan and Alexander bring to Innoviz will be valuable as we strive to become a market leader in automotive LiDAR in 2024 and beyond.\"\nStefan Jacoby brings a tremendous amount of experience in the automotive industry. His long tenure includes positions as CEO and President of Mitsubishi Motors Europe, CEO and President of Volkswagen Group of America, Global CEO and President of Volvo Cars, and Executive Vice President and President of General Motors International. \n\"Safe and reliable Level 3 autonomous driving requires the use of automotive LiDAR and powerful perception software,\" said Mr. Jacoby. \"Innoviz is a technology leader with the potential to capture a meaningful portion of this rapidly growing market, and I am excited to be a part of their journey.\"\nAlexander von Witzleben has extensive experience in high volume manufacturing and global operations in automotive, industrial and consumer end markets. Mr. von Witzleben brings over 20 years of CEO-level experience with Arbonia AG, Feintool International, and JENOPTIK AG.\n\"Innoviz is in an important transition as it evolves from design and engineering into series production and manufacturing,\" said Mr. von Witzleben. \"It's exciting to contribute leadership and guidance...