The company plans to expand its executive team and establish a Strategic Advisory Committee.

Tel Aviv, Israel, November 3rd / PRNewswire / -- Elron Ventures Ltd. (“Elron”) is a publicly traded investment company that focuses on early-stage growth investments and mergers and acquisitions in the fields of defense technology, deep technology, cybersecurity, and artificial intelligence. The company announced a series of appointments to its board of directors and is also pursuing the search for a new Chief Financial Officer (CFO) and other senior executives to support the continued implementation of its investment and M&A strategy.

The controlling shareholder of Elron, Arieli Group, is collaborating with the management of Elron to lead relevant ongoing efforts aimed at strengthening the company's leadership and professional capabilities. The focus is on advancing business strategies and creating long-term shareholder value.

Board member Dan Hoz has been appointed as the interim chairman. He previously served as the chairman of Elron and has a deep understanding of the company's operations, portfolio companies, and business strategy. Hoz is a senior technology executive with extensive experience in managing global operations and leading strategic and business initiatives. He has held positions such as General Manager of the Israel region at Siemens EDA, Vice President at Siemens Digital Industries Software, and earlier on, he was the Chief Executive Officer of Valor.

The former Cellebrite Chief Financial Officer, Dana Gerner, has been appointed as an external director. Gerner possesses extensive global financial experience and has an outstanding record in formulating growth strategies, leading capital market activities, and managing investor relations. Additionally, they have experience holding senior management positions in globally listed technology and business companies.

Certified Public Accountant Ido Heller has joined the board of directors as an independent director. Heller was formerly a senior partner at PwC Israel, holding various senior leadership positions such as audit supervisor and chief risk officer. He has extensive experience in capital markets, financial reporting analysis, and risk management, and has also provided consulting services to listed companies and boards of directors both in Israel and internationally. During his time at PwC as an auditor, he was familiar with the business of Elron. Heller currently serves as the co-CEO of Titan Group.

Lawyer Yaniv Rog has also joined the board of directors. Rog has extensive experience providing legal, financial, and tax consulting services to listed companies, private firms, and controlling shareholders. He serves as a director for several companies under Alon Blue Square Group, including Dor Alon, and also holds positions in companies across various other industries. He previously worked as a senior partner at a leading law firm, where he was responsible for tax affairs.

Elron previously announced an investment plan through Rafael Development Corporation Ltd. RDC is a joint venture between Elron and Rafael Advanced Defense Systems Ltd. ( Rafael ). Both companies will contribute funds, with a total commitment to invest up to $300 million over approximately three years, provided that the required approvals are obtained. This merger and acquisition strategy focuses on acquiring controlling stakes in dual-use technology companies that serve both defense and civilian markets, while continuing to invest in early-stage growth companies in the fields of cybersecurity, deep technology, defense technology, and AI.

Elron Ventures, Chief Executive Officer, and RDC, Co-Chief Executive Officer, stated: "We will continue to pursue our investment and mergers and acquisitions strategy, and we welcome the addition of new directors. This further demonstrates our commitment to enhancing the professional capabilities and financial resources required to execute our strategy. We are actively identifying, acquiring, and building companies that have influence in both defense and civilian markets, with the aim of creating long-term value for our shareholders."

The company also plans to further strengthen its executive team and establish a Strategic Advisory Committee to support the evaluation and execution of investment and acquisition opportunities. This M&A strategy is highly complementary to the company's existing investment strategy, which is primarily focused on exits and secondary transactions.

About Elron Ventures

Elron Ventures Ltd. (“Elron”) is a technology investment company that focuses on acquiring, investing in, and building companies in the fields of defense technology, advanced technology, cybersecurity, and AI. The company conducts its business through multiple investment vehicles, including RDC, CyberFuture, and Evergreen. RDC collaborates with Rafael Advanced Defense Systems to focus on acquiring early-stage dual-use and defense technology companies. Elron works closely with entrepreneurs and management teams to support business development and scale expansion in large and evolving markets, with a focus on infrastructure, mission-critical technologies, and long-term value creation. Elron is controlled by the investment company Arieli Group based in the United States, which has extensive experience in private equity, venture capital, and international investments.

For more information, please visit: www.elronventures.com.

Forward-looking Statements

This press release contains forward-looking statements as defined by the Securities Litigation Reform Act of 1995 and other applicable U.S. securities laws, including statements regarding market trends, the need for technical solutions, as well as the Elron investment strategy and future positioning. These statements are based on current expectations and assumptions and are subject to risks and uncertainties, and actual results may differ significantly from them. Factors that could affect the results include changes in market conditions, technological developments, competitive landscape, performance of portfolio companies, and other risks beyond the company's control. Except as required by law, Elron assumes no obligation to update or revise any forward-looking statements.

Contact Information:

Investor Relations

Media Relations