REE Automotive Announces Appointment of Former Chairman and CEO of Hitachi America, Hicham Abdessamad, as Chairman of the Board of Directors

Core Viewpoint - REE Automotive Ltd. has appointed Hicham Abdessamad as the new Chairman of its Board of Directors, effective December 22, 2025, succeeding Carlton Rose, who will remain on the Board as a member [1][2]. Group 1: Leadership Transition - Hicham Abdessamad has been a member of REE's Board since March 29, 2023, and brings extensive experience in software and digital transformation, as well as advanced mobility technologies [3]. - Carlton Rose, the outgoing Chairman, has provided significant leadership since 2023 and will continue to contribute to the Board's efforts [2][4]. Group 2: Strategic Direction - Abdessamad's expertise aligns with REE's strategic priorities, particularly in software-defined vehicle technology and data-driven software offerings [4]. - The company aims to leverage its innovative vehicle architecture and software capabilities to redefine mobility and achieve a significant global impact [5]. Group 3: Company Overview - REE Automotive specializes in software-defined vehicle (SDV) technology, focusing on managing vehicle operations through proprietary software [6]. - The company's Zonal SDV Architecture enhances vehicle safety, performance, and reliability by centralizing key functions and enabling continuous updates via secured AI [6]. - REE's by-wire technology eliminates mechanical linkages, allowing for flexible design and optimized performance, and the company promotes a "complete not compete" approach to enable OEMs and tech firms to license its technology [6].