Nano Dimension announces changes to its Board governance structure

Companies & MarketsNews
September 21, 2023

September 21, 2023

Nano Dimension Ltd, Waltham, Massachusetts, USA, has announced that its board of directors has appointed Dr Yoav Nissan-Cohen as chairman of the board, effective immediately. The company added that Yoav Stern, its former chairman of the board, will continue as the company’s CEO and Director, and that Col. (Ret.) Channa Caspi will be stepping down from the Board, reducing its size from nine to eight directors.

Dr Nissan-Cohen joined Nano’s board of directors in December 2022. His career covers almost forty years of scientific research, technology development, and executive management in the high-tech industry. He started his career as a research scientist in General Electric R&D Center in New York. In 1988, Dr Nissan-Cohen joined National Semiconductor as a technology development manager, and in 1993 he was one of the founders of Tower Semiconductor, where he served as a CEO, took the company public in NASDAQ and built a $1.5 billion advanced semiconductor facility.

In 2002, he joined Pitango as a venture partner, and in 2004 he came back to his entrepreneurial origin and took the chairman and CEO position in Amimon, a semiconductor company which provides a solution for zero-latency wireless camera link for various applications such as operating rooms in hospitals and TV and film productions.

Dr Nissan-Cohen is the chairman of TeraCyte, a biotechnology company which developed a platform for high throughput temporal analysis of live single-cells, with breakthrough applications for research, discovery, and development of new drugs and therapies.

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He is also the chairman of Visionlab, a company specialising in advanced vision-based solutions for industrial and military applications. He founded and managed several other companies, including a joint venture with Emmy Award winning directors to bring game changing solutions to the film and TV productions.

Dr Nissan-Cohen serves also as an executive board member in Weebit, a semiconductor company developing a new class of semiconductor memories.

“We’ve considered feedback from our shareholders, as well as the recommendations of governance experts, ISS and Glass Lewis, and have decided to make changes to our Board that we believe will evolve and enhance our corporate governance,” stated Yoav Stern, CEO of Nano Dimension. “As we move into the next phase of executing our strategic plan, separating the chairman and CEO roles is an important step in strengthening Nano’s governance practices and increasing independent oversight by the board. We remain committed to maintaining the right balance of strong and consistent leadership to guide Nano in the years ahead, while delivering value for our shareholders.”

“On a personal level,” Stern continued, “it is a unique opportunity for me to be able to work closely with Dr Nissan-Cohen, gaining from his vast experience and unique business and leadership vision. I look forward to learning from him and to excel together with him for the betterment of Nano Dimension, its shareholders and all other relevant constituencies”

Dr Nissan-Cohen stated, “I am confident in Nano, and I look forward to working with Yoav, my fellow Board members and the management team as we continue to execute Nano’s strategy and drive value for shareholders.”

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Companies & MarketsNews
September 21, 2023

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