Gauzy elects Alejandro Weinstein to board, reduces directors

Gauzy Ltd. (NASDAQ: GAUZ) announced changes to its board of directors following the company's annual general meeting of shareholders. Shareholders elected Alejandro Weinstein, a longtime company investor and former board member, to return as a director with his term beginning November 1, 2025.

Weinstein brings over 30 years of managerial experience in global companies. He previously served as CEO of CFR Pharmaceuticals S.A., where he led the business through a public listing and subsequent sale to Abbott Laboratories in a multi-billion-dollar transaction.

"We are excited to welcome Alejandro back to our Board," said Eyal Peso, CEO and Chairman of Gauzy. "Alejandro brings invaluable experience as a CEO who successfully built a global leader in the pharmaceutical industry that went public under his leadership."

Weinstein commented, "I am honored to be elected and returning to Gauzy's Board. As a longtime supporter of Gauzy, I continue to be inspired by its rapid expansion in the light and vision control market."

Two directors concluded their service on the board. Gal Gitter's term as a Class I Director expired following the annual meeting. Danny Allouche stepped down from the board after six and a half years of service.

"We would also like to extend a special thanks and deep appreciation to Danny for his dedicated service and significant contributions to Gauzy during some of our most formative years," said Peso. "During his six and a half years of service, Danny has been instrumental in helping Gauzy grow from its early days of venture capital fundraising through strategic M&A accomplishments during our private company phase, and most recently as a strong supporter of our IPO."

The changes result in a reduced board size as the company adopts what it describes as a leaner structure to reduce corporate expenses and maintain agility.

You May Also Be Interested In

• DA Davidson Reiterates Buy Rating on Tractor Supply Company (TSCO) Amid Soft Q2 Expectations
• WiMi unveils quantum neural network for image classification
• York Space Systems launches second batch of 21 T1TL satellites