Yossi Carmil to Step Down as CEO After Nearly 20 Years

Leadership Transition - Cellebrite announced a planned leadership transition with CEO Yossi Carmil stepping down by December 31, 2024, and the Board initiating a search for a new CEO [1] - Thomas E. Hogan, the executive chairman, will serve as interim CEO until a new CEO is appointed [1] Company Growth and Achievements - Under Yossi Carmil's leadership since 2005, Cellebrite expanded from 18 employees to over 1,100, with a presence in more than 100 countries and approximately 7,000 customers [2] - The company transitioned to a subscription business model and launched an AI-driven Case-to-Closure platform, achieving strong, profitable growth [2] - Cellebrite's market valuation has doubled since going public in 2021, reaching approximately $4 billion [2] Future Outlook - Carmil expressed confidence in Cellebrite's strategic direction and its ability to capitalize on future opportunities, supported by a strong leadership team and a compelling strategic plan [3] - Hogan, with over 40 years of experience in technology and software, is expected to guide the company through this transition and maintain its operational execution [3]