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April 7th, 2021
Innoviz Expands Board of Directors with Global Technology and Automotive Industry Veterans

TEL AVIV, Israel – 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 SteimbergAharon AharonDan FalkRonit MaorOrit 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.”