Ceragon Networks Appoints Ilan Rosen as Board Chair

  • Investing.com
Ceragon Networks Appoints Ilan Rosen as Board Chair

Ceragon Networks Ltd. (NASDAQ: CRNT ), the global innovator and leading solutions provider of 5G wireless transport, today announced that on July 24, 2023 the Board of Directors named Ilan Rosen, a member of the Board of Directors since July 2021, as its new Chairman. Mr. Rosen succeeds Zohar Zisapel, who sadly passed away on May 19, 2023.

Mr. Rosen has significant expertise in concluding successful mergers and acquisitions, deploying value-creation strategies, and enhancing corporate governance. He also has significant experience in the telecommunications industry. Mr. Rosen currently serves as Managing Director in HarbourVest Partners LLC, a global private equity firm with more than 1,000 employees that manages approximately $100 billion worth of investments in various private equity strategies around the globe. From 1997-2012 Mr. Rosen served as Chairman of the Board of Tdsoft LTD which later merged into VocalTec. In the years 1996-2003 Mr. Rosen served as VP of Investments at Teledata Communications, where he was an active Chairman of various Teledata Subsidiaries. From 1993-1996 he served as the CEO of Adsha Development Ltd. Mr. Rosen holds a B.Sc. (cum laude) in Mechanical Engineering from Tel Aviv University in 1979 and an MBA from Tel Aviv University in 1986.

"I will strive to honor the legacy of Zohar Zisapel and help Ceragon reach the next stage of its evolution as an industry leader creating value in large and growing markets," commented Mr. Rosen. "This is an exciting time for Ceragon, and I believe we have the right team in place, with significant telecommunications and technology expertise from the Board level down, to enable us to capture market share, expand market penetration and create long-term shareholder value."

Doron Arazi, Ceragon CEO, commented, "I am confident that Ilan will provide invaluable counsel to management and help us execute on our ambitious plans. Ilan has always been a voice representing the best interests of shareholders and he brings significant experience in managing growth organizations. I believe this expertise can be extremely helpful to us in executing on our strategic goals."

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