Gauzy Ltd. Announces Board of Directors Changes Following Annual Meeting

August 08, 2025 at 07:55 AM EDT

Gauzy Pleased to Announce Alejandro Weinstein, Former Director in Gauzy, Elected to Board; A Long-Time Investor and Shareholder Engaged with the Company Since 2016

Gauzy Adopts Leaner Board to Reduce Corporate Expenses and Maintain Agility

TEL AVIV, Israel, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader in vision and light control technologies, today announced changes to its Board of Directors following the Company's annual general meeting of shareholders. The shareholders of the Company have elected longtime company investor and former Board member Alejandro Weinstein, to return to the Board as a Director with his term commencing November 1, 2025.

Alejandro Weinstein brings over 30 years of managerial experience in global companies. He previously served as CEO of CFR Pharmaceuticals S.A., where he transformed the business into a publicly listed global pharmaceutical enterprise that ultimately sold to Abbott Laboratories in a multi-billion-dollar transaction. His extensive experience in global expansion, M&A, and public company leadership will be instrumental as Gauzy scales its operations and advances its position as a leader in vision and light control technologies.

“We are excited to welcome Alejandro back to our Board,” said Eyal Peso, CEO and Chairman of Gauzy. “Alejandro brings invaluable experience as a CEO who successfully built a global leader in the pharmaceutical industry that went public under his leadership. His deep expertise in international growth, public company governance, and private equity will be instrumental as we continue to scale Gauzy’s global presence and deliver long-term value to our shareholders.”

Mr. Weinstein commented, “I am honored to be elected and returning to Gauzy's Board. As a longtime supporter of Gauzy, I continue to be inspired by its rapid expansion in the light and vision control market. I look forward to being an integral part in its future growth and creating long-term value for our shareholders.”

Gal Gitter concluded his service on the Board following the expiration of his term as a Class I Director. Mr. Peso shared, “On behalf of Gauzy, I would like to thank Gal for his service over the past four and a half years and valuable contributions.”

In addition, long-time Director and Board member, Danny Allouche is stepping down from the Board. “We would also like to extend a special thanks and deep appreciation to Danny for his dedicated service and significant contributions to Gauzy during some of our most formative years,” said Mr. Peso. “We wish him all the best in his future endeavours.”

Mr. Peso added, “During his six and a half years of service, Danny has been instrumental in helping Gauzy grow from its early days of venture capital fundraising through strategic M&A accomplishments during our private company phase, and most recently as a strong supporter of our IPO. His leadership brought immense value to the Board and played a key role in shaping Gauzy’s long-term strategy.”

Mr. Allouche added, “It has been an honor serving on Gauzy's Board of Directors for the last six and half years, and seeing its tremendous growth over the years. Having witnessed Gauzy's commitment to growth and innovation, I am confident that the company will continue to deliver on its goals, and I look forward to following Gauzy's future success. Thank you for this opportunity to serve, and be a part of Gauzy's achievements to date.”

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed to support safe, sustainable, comfortable, and agile user experiences across various industries. Headquartered in Tel Aviv, Israel, the company has additional subsidiaries and entities based in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates. Gauzy serves leading brands across aeronautics, automotive, and architecture in over 60 countries through direct fulfillment and a certified and trained distribution channel.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Gauzy’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements reflect Gauzy’s current views, plans, or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive, and other risks, uncertainties, and contingencies. Forward-looking statements are based on Gauzy’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict including, without limitation, the following: Gauzy invests significant effort and capital seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, mainly in the aeronautics and automobile markets, and there can be no assurance that it will win production models, which could adversely affect its future business, results of operations and financial condition; failure to make competitive technological advances will put Gauzy at a disadvantage and may lead to a negative operational and financial outcome; Gauzy being an early growth-stage company with a history of losses and its anticipation that it expects to continue to incur significant losses for the foreseeable future; its operating results and financial condition have fluctuated in the past and may fluctuate in the future; it is exposed to high repair and replacement costs; it may not be able to accurately estimate the future supply and demand for its light and vision control products, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue; if it fails to accurately predict its manufacturing requirements, it could incur additional costs or experience delays; the estimates and forecasts of market opportunity and market growth it provides may prove to be inaccurate, and it cannot assure that its business will grow at similar rates, or at all; it may be unable to adequately control the capital expenditures and costs associated with its business and operations; it may need to raise additional capital before it can expect to become profitable from sales of its light and vision control products, which such additional capital may not be available on acceptable terms, or at all, and failure to obtain this necessary capital when needed may force it to delay, limit or terminate its product development efforts or other operations; shortages in supply, price increases or deviations in the quality of the raw materials used to manufacture its products could adversely affect its sales and operating results; its business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; it is subject to, and must remain in compliance with, numerous laws and governmental regulations across various countries concerning the manufacturing, use, distribution and sale of its light and vision control products, and some of its customers also require that it complies with other unique requirements relating to these matters; if it is unable to obtain, maintain and protect effective intellectual property rights for its products throughout the world, it may not be able to compete effectively in the markets in which it operates; the market price of its ordinary shares may be volatile or may decline steeply or suddenly regardless of its operating performance, and it may not be able to meet investor or analyst expectations; its indebtedness could adversely affect its ability to raise additional capital to fund operations, limit its ability to react to changes in the economy or its industry and prevent it from meeting its financial obligations; it has limited operating experience as a publicly traded company in the United States; conditions in Israel could materially and adversely affect its business; and any other risks and uncertainties, including, but not limited to, the risks and uncertainties in the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 11, 2025. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by Gauzy or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Gauzy undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as otherwise required by law.

Contacts

Media:
Brittany Kleiman Swisa
Gauzy Ltd.
press@gauzy.com

Investors:
Dan Scott, ICR Inc.
ir@gauzy.com

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Gauzy Ltd. Announces Board of Directors Changes Following Annual Meeting

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