HUB Security Ltd. made Necessary changes in Board and Management, Considering its expected merger with a NASDAQ-listed SPAC

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HUB Security Ltd. made Necessary changes in Board and Management_ Considering its expected merger with a NASDAQ-listed SPAC-01

HUB Cyber Security (Israel) Limited (TASE: HUB)Tel-Aviv based developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company“) announces that following previous public disclosures by the company regarding the conclusion of a merger agreement with the Nasdaq-listed Mount Rainier Acquisition Corp. SPAC (NASDAQ: RNER), and the submission of registration documents to the SEC, the Company will perform certain executive personnel changes to better prepare the corporate structure, governance, and professional skillset for its expected listing on NASDAQ.

Mr. Uzi Moskowitz was nominated for the role of Company’s Chairman to replace Mr.  Sigmund Bluvband who will be going into retirement. Major General (retired) Moskowitz is the former head of the IDF’s Cyber Communications and Defence Division. Mr. Moskowitz has public-companies experience and serves as a director in some of the largest Israeli public enterprises. He holds a B.A. in Aeronautical Engineering and a M.Sc. in business administration and Strategy.

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Additional changes in support of the company’s expected NASDAQ listing include the replacements of Ms. Monica Shtainkort, deputy CFO, and Mr. Dotan Moshe, Deputy to the to the CEO, with newly appointed CFO and COO executives that will bring NASDAQ experience and SEC related expertise to the Company. All new appointments will be announced in due course and retiring officers will continue to support the company in the upcoming transition to ensure a successful merger and listing.

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