REE Automotive announced the appointment of automotive industry finance executive David Goldberg as the company's Chief Financial Officer (CFO) effective Feb. 2022. Mr. Goldberg joins REE from Magna International, one of automotive suppliers, where he is currently Senior Vice President of Corporate Development, following a role as Vice President of Finance and Corporate Development at the company.

Mr. Goldberg brings to REE 20 years of experience in corporate finance, mergers & acquisitions, and management consulting with progressively senior roles at Morgan Stanley, Bain & Company, Greenhill & Co. and Magna International. In his new role as REE's CFO, Mr. Goldberg will lead all aspects of REE's financial functions, strategic industry partnerships and investor relations.

Based in North America, Mr. Goldberg succeeds Mr. Hai Aviv, who has been REE's CFO since 2018 and who led the company's growth from stealth mode through to its successful listing on Nasdaq. Mr. Goldberg joins REE at a momentous time in the company's life as it has signed new strategic partnerships with global leaders such as Hitachi, Magna, JB Poindexter and Toyota's Hino Motors and as the company ramps up its production plans for REEcorners™ and EV platforms, with REE on schedule to release prototypes by end of 2022.