REE Appoints Hicham Abdessamad as Chairman of the Board
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: Globenewswire
- Leadership Transition: REE Automotive appointed Hicham Abdessamad as Chairman of the Board effective December 22, 2025, succeeding Carlton Rose, who has served since 2023 and will remain on the board, ensuring continuity and stability in leadership.
- Strategic Alignment: Abdessamad, who has been on the board since March 2023, brings extensive experience in software and digital transformation, which will be crucial in guiding REE's development of software-defined vehicle technology and data-driven services, enhancing the company's global impact.
- Technological Innovation: REE's advanced Zonal SDV architecture aims to improve vehicle safety, performance, and reliability by centralizing key vehicle functions, addressing market demands for flexible design and optimized performance while supporting future autonomy and connectivity.
- Commitment to Ongoing Development: Abdessamad expressed his intent to collaborate with the board and management team to advance REE's mission of delivering highly adaptable, sustainable, and autonomous driving solutions, highlighting the company's commitment to innovation in the automotive technology sector.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy REE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on REE
About REE
REE Automotive Ltd is a technology company based in Israel. It specializes in the field of automotive technology and the production of EV platforms based on REE - REEcorner technology. They are located between the reason and the wheel and use x-by-wire to control full drive-by-wire, brake-by-wire and steer-by-wire.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
REE Appoints Hicham Abdessamad as Chairman of the Board
- Leadership Transition: REE Automotive appointed Hicham Abdessamad as Chairman of the Board effective December 22, 2025, succeeding Carlton Rose, who has served since 2023 and will remain on the board, ensuring continuity and stability in leadership.
- Strategic Alignment: Abdessamad, who has been on the board since March 2023, brings extensive experience in software and digital transformation, which will be crucial in guiding REE's development of software-defined vehicle technology and data-driven services, enhancing the company's global impact.
- Technological Innovation: REE's advanced Zonal SDV architecture aims to improve vehicle safety, performance, and reliability by centralizing key vehicle functions, addressing market demands for flexible design and optimized performance while supporting future autonomy and connectivity.
- Commitment to Ongoing Development: Abdessamad expressed his intent to collaborate with the board and management team to advance REE's mission of delivering highly adaptable, sustainable, and autonomous driving solutions, highlighting the company's commitment to innovation in the automotive technology sector.
Continue Reading
SoftBank to Acquire DigitalBridge for $4 Billion, Expanding AI Infrastructure
- Acquisition Deal: SoftBank Group announced its agreement to acquire DigitalBridge Group for approximately $4 billion, aiming to accelerate the expansion of global AI infrastructure by integrating resources, thereby enhancing its competitive position in the rapidly growing AI market.
- Market Reaction: This acquisition is expected to strengthen SoftBank's portfolio in the AI sector, particularly in data center and cloud computing services, further boosting its market share globally.
- Strategic Significance: Through this transaction, SoftBank will not only leverage DigitalBridge's technological advantages but also optimize its AI infrastructure layout worldwide to meet the increasing market demand.
- Future Outlook: This move signifies SoftBank's ongoing commitment to investing in AI, which is anticipated to yield long-term revenue growth opportunities, especially against the backdrop of rising global demand for AI solutions.
Continue Reading