TEL AVIV, Israel, April 6, 2021 /PRNewswire/ -- Innoviz
Technologies Ltd. (Nasdaq: INVZ), a technology leader of
high-performance, solid-state LiDAR sensors and perception
software, announced today that it has appointed Amichai Steimberg, Aharon Aharon, Dan
Falk, Ronit Maor,
Orit Stav and James Sheridan to its board of directors
effective today. They join existing board members Omer Keilaf,
Co-Founder and CEO of Innoviz, and Oren
Rosenzweig, Co-Founder and Chief Business Officer of
Innoviz. The new appointees bring decades of experience leading
publicly traded companies in the technology and automotive sectors
as executive officers and members of boards of directors.
These appointments follow the consummation of Innoviz's merger
with Collective Growth Corporation (formerly Nasdaq: CGRO) on
April 5, 2021.
The following provides information about the new appointees
to Innoviz's board of directors:
- Chairman of the Board: Amichai
Steimberg, Former CEO of Orbotech Ltd.
Mr. Steimberg
previously served as President and Chief Operating Officer of
Orbotech Ltd. from 2013 to 2019, and as Chief Executive Officer of
Orbotech Ltd. from 2019 to 2020. Mr. Steimberg is the President and
Chief Operating Officer of Israel Amplify Program Corp., and serves
as a board member in several private companies, including as
Chairman of the Board of Directors at Airovation Technologies Ltd.
From September 2020 to January 2021, Mr. Steimberg served as Chairman of
the Board of Directors of Highcon System Ltd., an Israeli company
listed on the Tel Aviv Stock Exchange. Mr. Steimberg holds a BSc in
Agricultural Economics and Business Administration from the
Hebrew University in Jerusalem.
- Aharon Aharon, CEO of Israel
Innovation Authority
Since 2017, Mr. Aharon has served as
the Chief Executive Officer of the Israel Innovation Authority, an
independent public entity that promotes Israel's innovation ecosystem. Prior to that,
Mr. Aharon served as the Corporate Vice President of Hardware
Technologies and General Manager of Apple Israel from 2011 to 2017,
and as the CEO of Camero from 2004 to 2010 (at which time the
company was acquired). Mr. Aharon served as Chairman of the Board
of Directors at Discretix Technologies from 2003 to 2010 (the
company was subsequently acquired by ARM in 2014) and as COO at
Zoran, a NASDAQ traded company from 1996 to 2001. Mr. Aharon holds
a B.Sc in Computer Engineering and a M.Sc in Electrical Engineering
from the Israel Institute of Technology.
- Ronit Maor, Chief Financial
Officer of Earnix Inc.
Since 2017, Ms. Maor has served as
the Chief Financial Officer of Earnix Inc., a leading SaaS company
providing an AI-driven pricing, rating and product personalization
for insurance and banking customers. Prior to joining Earnix Inc.,
Ms. Maor was the Chief Financial Officer at Pontis, a leading
digital customer engagement company, from 2012 until its
acquisition by Amdocs in 2016. Ms. Maor holds a BSc in Industrial
Engineering and Management from the Tel Aviv
University.
- Dan Falk, Board Member at
Nice Ltd. and Ormat Technologies Inc.
Mr. Falk has served as
a member of the board of directors of Nice Ltd., a Nasdaq-listed
company, since 2001, and has served as a member of the board of
directors of Ormat Technologies Inc., a New York Stock
Exchange-listed company, since 2004. From 1999 to 2000, Mr. Falk
was President and Chief Operating Officer of Sapiens International
Corporation N.V. From 1985 to 1999, Mr. Falk served in various
positions in Orbotech Ltd., the last of which were Chief Financial
Officer and Executive Vice President. Mr. Falk was also a member of
the Board of Directors of Orbotech Ltd. Mr. Falk holds a Bachelor's
degree in Economics and Political Science and a Master's degree in
Business Administration from the Hebrew
University in Jerusalem.
- Orit Stav, Seasoned
Investment Manager
Ms. Stav is a seasoned investment manager
with 20 years of experience in the Technology, Venture Capital, and
Private Equity sectors. She currently serves as a member of the
board of directors of Camtek Ltd., Doral Renewable Energy Resources
Ltd., Hadasit Bio-holdings Ltd., YSB Group, HomeBioGaz, A.Luzon
Real Estate and Finance Ltd. and ORT Technologies Ltd. Since 2015,
Ms. Stav has served as a Managing Partner at Israel Innovation
Partners. Prior to that, she helped lead investments in companies
such as Siemens Venture Capital and Eva Ventures. Ms. Stav holds a
Master of Business Administration from Hertfordshire University,
UK, and a Bachelor's degree in Arts (Economics and Management) from
the Tel Aviv University.
- James Sheridan, CEO of
Perception Capital Partners, SPAC Sponsor
Mr. Sheridan is a
senior operating executive with over 25 years of experience and
deep experience in the automotive industry. He has experience as
both an operating executive (Chief Procurement Officer) and as a
leader of the Purchasing Practice at McKinsey. His prior
experiences include roles as CPO at Forterra, Senior Expert at
McKinsey, CPO at Champion, and a variety of roles with Ford Motor
Company. Mr. Sheridan holds a B.A. from the College of the Holy Cross and M.B.A from
Carnegie Mellon.
"We are thankful to have assembled an incredible collection of
experts to serve on Innoviz's board as we navigate through this
next stage of growth,'' said Omer Keilaf, Co-Founder and CEO of
Innoviz. "Our team has worked diligently to identify leaders in the
technology and automotive spaces who are uniquely positioned to
facilitate our transition to a public company and drive shareholder
value in the process. We are looking forward to working with this
accomplished group and leveraging their expertise as we continue to
push the boundaries of LiDAR and enter high volume series
production."
Amichai Steimberg, future
Chairman of the Board, commented: "Innoviz has quickly earned its
reputation as a global leader in high performance, automotive-grade
LiDAR. Innoviz is pushing the autonomous vehicle industry forward
in innovative ways. I am confident this group of leaders will
successfully oversee the deployment of Innoviz's LiDAR and
perception software to BMW and other leading vehicle manufacturers
in the near term."
About Innoviz Technologies
Innoviz is a leading
provider of technology that will put autonomous vehicles on roads,
ultimately changing the world and making life better. Innoviz is
the only company with LiDAR technology that can "see" better than a
human driver, while also meeting the automotive industry's strict
requirements for performance, safety and price. Selected by BMW for
its fully electric iX autonomous car program, Innoviz's technology
will be the first to be deployed in consumer vehicles. Innoviz is
backed by top-tier strategic partners and investors, including
SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma
Venture Partners, and others. For more information,
visit www.innoviz.tech.
Forward Looking Statements
This announcement contains
certain forward-looking statements within the meaning of the
federal securities laws, including statements regarding the
benefits of the transaction, the services offered by Innoviz and
the markets in which it operates, and Innoviz's projected future
results. These forward-looking statements generally are identified
by the words "believe," "project," "expect," "anticipate,"
"estimate," "intend," "strategy," "future," "opportunity," "plan,"
"may," "should," "will," "would," "will be," "will continue," "will
likely result," and similar expressions. Forward-looking statements
are predictions, projections and other statements about future
events that are based on current expectations and assumptions and,
as a result, are subject to risks and uncertainties. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this announcement, including but not
limited to, the ability to implement business plans, forecasts, and
other expectations following the transaction, the ability to
identify and realize additional opportunities, and potential
changes and developments in the highly competitive LiDAR technology
and related industries. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the definitive proxy
statement/prospectus filed with the SEC on March 11, 2021 and other documents filed by
Innoviz from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Innoviz assumes
no obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Innoviz gives no assurance that it
will achieve its expectations.
Contact Information
Media@innoviz-tech.com
Investor Contact
Maya
Lustig
Innoviz Technologies
+972 54 677 8100
Maya.Lustig@innoviz-tech.com
Gateway Investor Relations
Cody Slach or Matt Glover
(949) 574-3860
Investors@innoviz-tech.com
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SOURCE Innoviz Technologies