Ceragon Networks Ltd., the global innovator and leading solutions provider of 5G wireless transport, announced that director Yael Langer has decided to resign from her position as a member of the Board, in effect as of the Company’s 2022 Annual General Meeting of Shareholders (“AGM”), which will take place on October 3, 2022. As part of the Company’s ongoing director refreshment efforts, the Nomination Committee and Board have nominated Efrat Makov to stand for election as an independent director at the Company’s 2022 AGM. If elected, Ms. Makov will serve the remainder of Ms. Langer’s three-year term ending on the date of the 2024 Annual General Meeting. With the addition of Ms. Makov, the Ceragon Board will continue to be comprised of seven directors, of which five will be considered independent and four will have been added since the 2021 AGM.
“On behalf of the Board and management team, we would like to thank Yael for her many contributions and guidance during her tenure with the Company,” said Zohar Zisapel, Chairman of Ceragon Board of Directors. “As a director, Yael has been an instrumental contributor of legal and corporate governance expertise and a strong steward of shareholder interests during her tenure on the Ceragon Board. We wish her the very best in her future endeavors.”
Ms. Langer commented, “I am grateful for the opportunity to have served Ceragon shareholders as a director. In that time, the Company has experienced significant transformation, and we have reconstituted the Board with a number of new independent directors, which I believe will position the Company to capitalize on the next era of growth.”
“We are pleased to nominate Efrat Makov for election to the Ceragon Board,” continued Mr. Zisapel. “We conducted a comprehensive search aided by an independent search firm for industry leaders with the experience and expertise to help accelerate Ceragon’s strategy. Ms. Makov will bring valuable and highly relevant industry knowledge and experience that will help us create more shareholder value by executing our strategic plan driving profitable growth, as well as exploring other strategic alternatives as applicable. We believe the Board will benefit from Efrat’s extensive strategic, financial and public board experience including in the telecommunications sector. We are confident that our Board will benefit from her fresh perspectives and look forward to working closely with her as Ceragon builds on its momentum.”
“I would like to thank Yael for her years of contribution to Ceragon’s Board,” added Doron Arazi, Ceragon’s CEO. “We believe the addition of Ms. Makov will further help strengthen Ceragon’s position as a global innovator and leader in best-of-breed solutions for 5G wireless transport and will allow us to pursue more ideas and opportunities to maximize value for our shareholders.”