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REE Automotive Appoints New Chief Financial Officer, Announces New Board Members to Position the Company for Continued Growth in 2023
TEL-AVIV, Israel, March 15, 2023 (GLOBE NEWSWIRE) -- GlobeNewswire – REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of
About this update from Ree Automotive Ltd.
[{"type":"text","content":"TEL-AVIV, Israel, March 15, 2023 (GLOBE NEWSWIRE) -- GlobeNewswire – REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of electric vehicle (EV) platforms, today announced that David Goldberg, who has served as Chief Financial Officer since 2022, will be stepping down from his current executive duties on March 28, 2023, to pursue other career opportunities. He will continue to work with the company through the end of June 2023 in a new role as a senior advisor. David will be succeeded by Mr. Yaron Zaltsman who has been appointed Chief Financial Officer effective March 29, 2023. Mr. Zaltsman is an experienced CFO and Board Member of several publicly listed companies, overseeing all capital market aspects, financial reporting, and credit rating agency relationships. Over the last 20 years he has led IPOs and fundraising totaling over $3 billion. In Mr. Zaltsman’s last public company CFO role, he led the acquisition of Fyber, an industry-leading in-app advertising technology by Digital Turbine for $650 million. “I want to thank David as he has been a key leader of REE’s finance team and an integral part of our initial growth phase. We appreciate David's contributions and his support through the transition and wish him all the best going forward,” said Daniel Barel, Co-Founder and CEO of REE Automotive. “I also want to warmly welcome Yaron as the new CFO of REE. Given his proven track record working with public companies, Yaron brings a diverse range of strategic experience and financial discipline, and his expertise in capital management and deployment will help us to deliver on our commitments to our customers and partners while maintaining a strong financial foundation.” REE today also announced several changes to its board of directors, which represent diverse backgrounds in business, finance, technology, and mobility that will guide REE’s strategic vision. REE appointed the following two new directors, Mr. Hicham Abdessamad and Mr. Ittamar Givton to its Board. Mr. Givton will serve as an independent director and will be a member of the Company’s Audit Committee. These appointments, effective March 29, 2023, will bring the board to seven directors, of which four are independent directors and will satisfy the Nasdaq minimum requirements for the audit committee. REE also announced the resignation of b...