REE Automotive Ltd. announced that David Goldberg, who has served as Chief Financial Officer since 2022, will be stepping down from his current executive duties on March 28, 2023, to pursue other career opportunities. He will continue to work with the company through the end of June 2023 in a new role as a senior advisor. David will be succeeded by Mr. Yaron Zaltsman who has been appointed Chief Financial Officer effective March 29, 2023.

Mr. Zaltsman is an experienced CFO and Board Member of several publicly listed companies, overseeing all capital market aspects, financial reporting, and credit rating agency relationships. Over the last 20 years he has led IPOs and fundraising totaling over $3 billion. In Mr. Zaltsman's last public company CFO role, he led the acquisition of Fyber, an in-app advertising technology by Digital Turbine for $650 million.