Ceva CEO to retire

Business news |
By Nick Flaherty

Gideon Wertheizer, CEO of Israeli IP provider Ceva, is to retire at the end of the year, to be replaced by Amir Panush who joins from TDK subsidiary Invensense

Panush will take over as CEO from January 1st, 2023 and Wertheizer will continue to serve as an active member of Ceva’s board of directors and will be employed in an advisory role in the near term to ensure a smooth leadership transition.

US-based Panush is relocating to Israeli in the next couple of months, having been CEO and General Manager of TDK’s MEMS Sensors Business Group following acquisition of InvenSense in 2017. He joined Invensense in 2015 from Qualcomm and Atheros Communications, which was acquired by Qualcomm).

“On behalf of everyone at the Company, I would like to sincerely thank Gideon for his strategic vision, leadership and dedication to the success of Ceva since the company’s inception 20 years ago,” said Peter McManamon, Chairman of the Board.

“Under Gideon’s stewardship, Ceva has transformed into the industry’s undisputed leader in wireless connectivity and smart sensing platform IPs that power billions of devices around the world. We look forward to continuing to benefit from Gideon’s experience and counsel as an adviser and board member going forward.”

”It has been a great honour for me to lead Ceva, and I am extremely proud of what our team has achieved together,” said Wertheizer.

“As much as we have achieved over the past 20 years, Ceva has limitless future potential, with ubiquitous technologies and a collaborative business model for smart and connected devices. I would like to thank all of my colleagues for their support, dedication to innovation and diligence over the years and look forward to continuing to contribute to the Company.”

“Amir has an excellent track record of leadership at large technology companies, strong relationships within the industry, and many intersections with CEVA’s target markets. Amir is a thoughtful and analytical person that impressed us with his strategic vision and is an outstanding fit for Ceva. We look forward to working with Amir to write the next chapter of Ceva’s growth story,” said McManamon.

“Ceva is uniquely positioned to leverage its deep portfolio of wireless connectivity and smart sensing IPs at a time when the market opportunity for these technologies has never been greater. I am energized by the opportunity to build on this technology leadership together with our highly talented team to accelerate the Company’s growth and enhance the financial performance in the years ahead.”

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