Ceragon Networks announces CFO departure

Ceragon Networks Ltd. the global innovator and leading solutions provider of 5G wireless transport, announced that after three years in his role, Ran Vered, the Company’s Chief Financial Officer, has decided to pursue other business interests outside the telecom industry a nd therefore will leave his role at Ceragon during the month of May 2022. Mr. Vered will continue to observe his duties as CFO until his departure, including releasing the Company’s Q1 2022 financial results.

The Company has already started a search for a successor. In case a new CFO is not nominated by the departure date of Mr. Vered, the Company’s CEO, Doron Arazi, will then act as the interim CFO, in addition to his CEO role, until such nomination occurs.

“Ran has been an integral member of our executive management team,” said Doron Arazi, Ceragon’s CEO. “We have worked closely together since I came back to the Company as CEO. I have a high regard and deep appreciation for Ran’s leadership in strengthening and expanding the financial foundations of Ceragon and leading us through one of the most challenging times in our industry. I wish Ran best success in his new endeavor.”

“It has been an honor to serve as CFO of Ceragon over the past three years and a pleasure to help transform the Company into a 5G era leader and witness its many successes across many regions,” said Ran Vered. “I have tremendous confidence in the Company’s executive and wider team, in its strategy and its prospects, as it continues to expand its portfolio of leading 5G technologies, introduces new solutions that augment the OpenRAN architecture and the open networks concept, and strengthens its managed services offering. I wish everyone at Ceragon continued success.”

CT Bureau