Rosh Ha’ain, Israel, August 15, 2022 – Ceragon Networks Ltd. (NASDAQ: CRNT) (“Ceragon” or the “Company”), a global innovator and leading solutions provider of 5G wireless transport, today announced the appointment of Ronen Stein as the Company's new Chief Financial Officer, effective September 21, 2022. Mr. Stein will report directly to the CEO, Doron Arazi.

As the newly appointed CFO, Mr. Stein will provide financial and strategic leadership and planning to help accelerate Ceragon’s business momentum and deliver profitable growth. Mr. Stein is an accomplished financial executive and a business leader with more than twenty years of CFO experience having held a variety of CFO roles in both private and U.S. listed public companies. He brings extensive experience in mergers and acquisitions in diverse industries, leading transactions from both sides of the table.

Most recently, Mr. Stein was CFO of Siklu, an Israel-based company in the telecommunications sector. Previously he served as the CFO of 10bis, Enercon technologies, Knock N'Lock, and Pointer Telocation (Nasdaq: PNTR). Mr. Stein is a Certified Public Accountant in Israel and has a Master of Business Administration (M.B.A.), as well as a bachelor’s degree in economics and accounting, both from Tel Aviv University.

Mr. Arazi, Ceragon CEO, commented, "We are excited to welcome Ronen to our executive team. Ronen is a proven executive and financial leader with a track record of driving enhanced performance across both public and private organizations. We’re confident his expertise and experience will be a powerful asset for Ceragon as we continue executing on our strategy.”

Mr. Stein, newly appointed CFO of Ceragon commented, “Ceragon is a true industry leader and I’m thrilled to join the Company. I can clearly see the business potential and I am excited to join Doron and the management team to continue to accelerate growth and profitability and deepen the Company’s existing relations with the investor community.”