- Stefan Jacoby brings CEO- and President-level
experience from General Motors, Volvo, Volkswagen, and
Mitsubishi
- Alexander von Witzleben brings CEO-level experience
from Arbonia AG, Feintool International, and JENOPTIK AG
TEL
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.
"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."
Stefan 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.
"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."
Alexander 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.
"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
to a company that is at such a critical inflection point in its
growth trajectory."
With these appointments, Innoviz will have a total of nine
directors with a global footprint encompassing Europe, the United
States and the Middle East.
Biographies of the board members can be found here.
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a
Tier 1 supplier to the world's leading automotive manufacturers and
working towards a future with safe autonomous vehicles on the
world's roads. Innoviz's LiDAR and perception software "see" better
than a human driver and reduce the possibility of error, meeting
the automotive industry's strictest expectations for performance
and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by
internationally recognized premium car brands for use in consumer
vehicles as well as by other commercial and industrial leaders for
a wide range of use cases. For more information, visit
innoviz.tech.com .
Join the discussion: Facebook, LinkedIn, YouTube, Twitter
Media Contact
Media@innoviz-tech.com
Investor Contact
Investors@innoviz-tech.com
+972 54 677
8100
Forward Looking Statements
This announcement contains certain forward-looking statements
within the meaning of the federal securities laws, including
statements regarding the services offered by Innoviz, the
anticipated technological capability of Innoviz's products, the
markets in which Innoviz 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, the ability to convert design wins into
definitive orders and the magnitude of such orders, the ability to
identify and realize additional opportunities, potential changes
and developments in the highly competitive LiDAR technology and
related industries, and our expectations regarding the
impact of the evolving conflict in Israel to our ongoing operations. The
foregoing list is not exhaustive. You should carefully consider
such risk and the other risks and uncertainties described in
Innoviz's annual report on Form 20-F filed with the SEC on
March 9, 2023 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.
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