REE Automotive Appoints Hicham Abdessamad as Chairman of the Board
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
REE Automotive announced that Hicham Abdessamad has been appointed Chairman of its Board of Directors, effective December 22, 2025. Abdessamad succeeds Carlton Rose, who has served as Chairman of the Board since 2023. Rose will continue to serve as a member of REE's Board of Directors following the transition of the Chair role to Abdessamad. Abdessamad served as Chairman and CEO of Hitachi America, Ltd., where he oversaw the growth objectives of Hitachi's North America business across key sectors including digital, energy, and innovation.
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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.
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- One-on-One Meeting Arrangements: Selected companies are accepting requests for one-on-one management meetings, enabling investors to communicate directly with company leadership, which enhances interaction and transparency between investors and companies.
- Resource Download Convenience: Attendees can download investor materials from the company's resource section, which not only provides comprehensive information support for investors but also promotes a deeper understanding of the company's business.
- Advantages of Virtual Conferences: Virtual Investor Conferences offer real-time investor engagement solutions that improve the efficiency of connections between companies and investors, marking a new trend in investor relations management, especially among retail and institutional investors globally.
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- Diverse Company Presentations: The conference will feature multiple companies, including Novo Resources Corp. and Atlas Lithium Corp., providing investors with a wealth of investment opportunities that could further drive capital inflow into the precious metals and critical minerals sectors.
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- Funding Agreement Signed: The company has signed a $1.9 million grant agreement with USTDA to support metallurgy and process engineering for the Monte Muambe rare earth project, which has a resource estimate of 13.6 million tons at 2.42% Total Rare Earths Oxide, providing crucial funding for further development.
- Resource Exploration Progress: The resource drilling campaign for the Monte Muambe project has been completed, with ongoing metallurgy studies for fluorspar and gallium, and a JORC mineral resource estimate is imminent, which will further enhance the project's market appeal.
- Diversified Development Strategy: Altona is also advancing the development of high-grade fluorspar with a targeted production of 50,000 tons per annum, which is expected to provide a stable revenue stream, while assessing the recovery potential of gallium as a by-product of fluorspar production, thereby enhancing overall profitability.
See More
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- 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.
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- Management Commitment: Co-founder and CEO Daniel Barel emphasized the company's focus on executing its strategy and taking necessary steps to regain compliance, demonstrating management's confidence and determination for future growth.
- Technological Advancement Context: REE is dedicated to developing software-defined vehicle technology aimed at enhancing vehicle safety and performance through its advanced Zonal SDV architecture, and ongoing technological advancements will help the company maintain a competitive edge in a rapidly evolving market.
See More
