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

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TEL AVIV, Israel, Jan. 07, 2026 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), a leading aut...

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AI Summary

REE Automotive has appointed Hicham Abdessamad as Chairman of the Board, effective December 22, 2025, succeeding Carlton Rose, who will retain a position on the Board. Abdessamad's extensive background in software and digital transformation aligns with REE's focus on enhancing its software-defined vehicle capabilities and broadening its strategic global impact.

Trading Thesis

REE may see increased investor confidence due to leadership change and strategic alignment.

Market-Moving

  • REE's new leadership could signal a shift in strategic direction.
  • Market reaction to leadership changes can impact stock volatility.
  • Abdessamad's experience may attract investor attention to REE's software solutions.
  • The automotive tech sector is gaining traction, influencing REE's market position.

Key Facts

  • Hicham Abdessamad became Chairman on December 22, 2025.
  • Carlton Rose served as Chairman since 2023.
  • REE specializes in software-defined vehicle technology.
  • Abdessamad has experience as Chairman and CEO at Hitachi America.
  • REE has a proprietary by-wire technology for vehicle control.

Companies Mentioned

  • Hitachi America (N/A): Hicham Abdessamad's previous role could imply strategic partnerships.
  • REE Automotive (REE): The leadership change may enhance REE's focus on technology advancements.

Corporate Developments

The leadership transition within REE Automotive falls under corporate developments affecting long-term strategic priorities, particularly in the evolving automotive technology landscape.

FAQ

Why Bullish?

Historically, new leadership with relevant experience often leads to stronger company positioning and increased investor confidence. For example, when other tech firms appointed experienced leaders, they often experienced consequent stock price upticks.

How important is it?

The appointment of a strategic leader like Abdessamad directly impacts REE's potential growth trajectory in the software-defined vehicle space, making it particularly relevant for investors.

Why Long Term?

Leadership changes generally have lasting effects, focusing on strategic growth and market adaptation, which may benefit long-term investor confidence.

Related Companies

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REE Automotive Appoints Hicham Abdessamad as Chairman of the Board

TEL AVIV, Israel, Jan. 07, 2026 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an innovator in electric vehicle technology, has appointed Hicham Abdessamad as Chairman of its Board of Directors, effective December 22, 2025. Abdessamad replaces Carlton Rose, who has held the position since 2023, and will remain on the board following the transition.

Leadership Transition at REE Automotive

Hicham Abdessamad has been a member of the REE Board of Directors since March 2023, bringing significant experience in digital transformation and advanced mobility technologies. Previously, he served as Chairman and CEO of Hitachi America, Ltd., where he drove growth in sectors like digital technology, energy, and innovation.

Strategic Alignment and Future Vision

Carlton Rose expressed confidence in Abdessamad's leadership abilities: "Hicham is the right person to lead the Board during this pivotal stage as his expertise aligns closely with REE's evolving strategic priorities, including software-defined vehicle technology and the development of data-driven software offerings." Rose highlighted Abdessamad's experience in the automotive and technology sectors as a key asset for REE's future growth.

Commitment to Innovation at REE

In his new role, Abdessamad stated, "I am excited to assume the role of Chairman of the Board during this pivotal stage for REE." He emphasized REE Automotive's innovative approach to vehicle architecture and its commitment to leveraging software and data to redefine mobility, aiming for a significant global impact.

  • Positioning REE for global growth and innovation.
  • Anticipating ongoing contributions from previous Chairman Carlton Rose.
  • Focusing on sustainability and autonomy in driving solutions.

About REE Automotive

REE Automotive (Nasdaq: REE) specializes in developing software-defined vehicle (SDV) technology, which manages vehicle operations through proprietary software. The company’s advanced Zonal SDV Architecture integrates with legacy systems, enhancing vehicle safety and performance.

Key features of REE’s technology include:

  • Centralization of key vehicle functions to improve modularity and stability.
  • Continuous updates through secured AI and deep over-the-air upgradability.
  • Pioneering the FMVSS certification for full by-wire vehicles in the U.S.

This strategic approach allows REE to license its SDV technology to original equipment manufacturers, facilitating customized vehicle designs that meet market demands.

Media and Investor Contacts

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Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements about REE’s strategy and execution may involve risks and uncertainties. Actual results could differ significantly due to factors discussed in REE’s annual report filed with the U.S. Securities and Exchange Commission (SEC) on May 15, 2025, and updated in subsequent filings.

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