Innoviz Technologies (INVZ) Announces Sales Leadership Appointments

Innoviz Technologies Ltd. (NASDAQ: INVZ) today announced a series of management team appointments to bolster its sales leadership experience and support its continued growth.

Innoviz has appointed Tali Chen as Chief Business Officer (CBO), effective immediately. Chen will oversee the Company's business development activities, establish sales targets and KPIs, and implement, report and review strategic sales and marketing plans. Chen replaces Oren Rosenzweig, who is stepping down from his CBO and Board roles, effective immediately, to pursue new opportunities. Rosenzweig will continue in an active advisory role through summer 2022 to ensure a smooth transition.

Chen most recently served as CBO for DSP Group, a global leader in wireless communications for smart-enabled devices. In this role, she managed global sales, marketing, investor relations and business growth operations. Chen also spearheaded strategic relations and partnerships with Fortune 100 & 500 corporations and led complex, multi-million-dollar sales cycles encompassing preliminary discussions, contract negotiations, deal closing, and partnership roadmap development. Prior to her tenure at DSP Group, Chen served in corporate development roles for RADA Electronics, a global corporation that develops, manufactures and markets advanced military systems.

The Company also announced that it has appointed Scott Craig and Brijesh Shukla as country managers of the U.S. and Japan, respectively. Craig brings decades of experience in the semiconductor and automotive industries, previously serving as the Executive Director of Automotive Strategy and OEM Business Development at onsemi where he was responsible for OEM business development at Ford Motor Company worldwide, Stellantis and Argo – worldwide. Craig will be responsible for sales and business development of Innoviz LiDAR products and associated software in all industry verticals in North America. Shukla, who has twenty years of experience in direct customer-facing roles for companies such as Nissan, Honda, Toyota and Mitsubishi, will represent and manage Innoviz's growing business in Japan.

Innoviz CEO and Co-Founder Omer Keilaf said, "We are excited about our newest appointments as we continue to expand our automotive business and begin penetrating the non-automotive industry in parallel. Tali brings a breadth of expertise critical to our growth strategy, including an impressive track record of pipeline and revenue creation through market share expansion. She will be a great asset to our Company as we seek to monetize our best-in-class products and drive sales. Similarly, appointing Scott and Brijesh is the logical next step to capitalize on our growth opportunities following Innoviz's multi-year, multi-billion-dollar nomination with a global vehicle manufacturer. We look forward to benefitting from their vast sales and business generation experience as we aim to break more new ground."

Chen commented, "I'm thrilled to be joining Innoviz. The Company is, in my opinion, a significant player in the LiDAR field, and its recent milestone nomination is yet another testament to its leadership. With Innoviz's cutting-edge technology and breadth of partnerships, the Company has many potential avenues to drive revenue. I look forward to building on this foundation and reaching even greater heights."

Keilaf continued, "We are grateful for Oren's major contribution in co-founding Innoviz and helping lead it to where it is today. Oren had an important role in Innoviz's commercial success and in shaping our position in the market. I wish Oren continued success in his future endeavors."

Oren Rosenzweig commented, "Co-founding Innoviz over six years ago and leading the Business Development, Sales and Product activities in the time since have been some of the most rewarding experiences of my life. I am grateful for the opportunity to be part of this journey. We took Innoviz from an idea, to one of the leading players in the emerging Autonomous Driving industry. At this point in the life of the company, and in mine, it is the right time to hand over responsibilities to an extremely talented group of people. I will support Tali and the leadership team to ensure a successful transition and I wish the incredible Innoviz team continued success."

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