REE Automotive Strengthens Executive Leadership Team and Board of Directors with Two Key Appointments

Core Insights - REE Automotive Ltd. has appointed Rajesh Goel from Motherson Group to its board of directors and welcomed back Hai Aviv as Chief Financial Officer to lead its North American expansion, effective November 15, 2024 [1][2][3] Company Developments - Rajesh Goel's extensive automotive experience, including leadership roles at Motherson and Honda Cars India, is expected to enhance REE's production strategy in response to increasing demand for electric trucks [2][3] - Hai Aviv, who previously served as CFO from 2018 to 2022, returns to guide REE's financial operations, bringing over 18 years of experience in public company CFO roles, particularly in software and data focused on the U.S. market [3][4] - REE's Chairman, Carlton Rose, emphasized that Goel's experience will be a strong asset as the company expands its production capabilities [2] Strategic Goals - Rajesh Goel expressed that joining REE's board is a significant opportunity to support the electric vehicle industry's transformation, highlighting the urgent need for fleets to adopt EVs [3] - Aviv aims to continue the momentum achieved during his previous tenure and create strong shareholder value as REE navigates its next growth phase [4] Company Overview - REE Automotive specializes in automotive technology, allowing the construction of electric vehicles on modular platforms, featuring the REEcorner® technology that integrates critical vehicle components into a compact module [5] - The company is recognized for its innovative by-wire technology, which eliminates mechanical connections, enabling the creation of the industry's flattest EV platforms [5] Motherson Group Profile - Motherson Group, founded in 1975, is a leading global engineering and manufacturing specialist with a gross revenue of USD 17.2 billion for FY24, operating over 400 facilities in 44 countries [6][7] - The group serves a diverse range of sectors, including automotive, health, aerospace, and logistics, and is ranked among the top 15 automotive suppliers worldwide [6]