Hod Hasharon, Israel, February 3rd, 2020. Valens, the developer of high-speed connectivity technology for the audiovisual and automotive markets, and its Board of Directors announced today that they have appointed Gideon Ben-Zvi as the company’s interim CEO, effective immediately, upon the retirement of Dror Jerushalmi, who has decided to step down from his position for personal reasons. Mr. Jerushalmi will continue to serve as a member of Valens’ Board of Directors.
Mr. Ben-Zvi is a serial entrepreneur, having founded six companies, with three successful exits so far. He has previously served as CEO in different companies and is currently engaged as partner in the Aviv Venture Capital, one of Valens’ investors. Mr. Ben-Zvi is also an active member of Valens’ Board of Directors, and as such is deeply familiar with the company, the business units, and the technology.
Established in 2006, Valens provides semiconductor products for the distribution of ultra-high-definition (HD) multimedia content. The company’s HDBaseT technology enables long-reach connectivity of devices over a single cable and is a global standard for advanced digital media distribution. Valens Automotive, a division of Valens, was established in 2015 with the goal of delivering the world’s most advanced chipset technology for in-vehicle connectivity. Valens is a private company headquartered in Israel. For more information: https://www.valens.com.