Cognyte Software (CGNT) Appoints Two New Board Members

Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced that two new members will join its Board of Directors effective as of May 1, 2024. Cognyte believes that Ron Shvili and Sarit Sagiv will bring additional expertise to the Board. They will replace Karmit Shilo and Zvika Naggan, who will be stepping down after three years as directors effective as of May 1, 2024.

“We are deeply grateful to Karmit Shilo and Zvika Naggan for their significant contribution to Cognyte’s leadership and their strong commitment to our mission over the years. We also celebrate the arrival of Ron Shvili and Sarit Sagiv and look forward to the new perspectives that they offer our Board,” said Earl Shanks, Cognyte’s Chairman of the Board. “Ron and Sarit bring deep, highly relevant expertise across key disciplines, and we look forward to their contributions as we work to drive Cognyte towards long-term profitable growth.”

Ron Shvili brings extensive experience as a C-level executive in the telecommunications and financial sectors and serves as a board member, investor, advisor and mentor for promising startups in the insurtech, fintech, cyber and AI industries. Ron was previously Executive Vice President and Chief Technology, IT and Innovation Officer at Phoenix Holdings, and Chief Technology Officer of Cellcom. He is also a retired Colonel from the Israeli Defense Force, where he was head of a research division in the DDR&D (MAFAT) specializing in the fields of advanced communications, cyber and AI, and head of the technology center of an elite unit.

Sarit Sagiv is an experienced board member and a seasoned executive. She currently serves as a member of the Investments Committee of Phoenix Insurance and as a member of the Board of Directors of Nova Ltd. (Nasdaq and TASE: NVMI) and of OPC Energy Ltd. (TASE: OPCE). Sarit served as General Manager of the Global Business Division at Amdocs. Prior to this role, she served as the Chief Financial Officer of Nice Ltd. and of Retalix Ltd. (acquired by NCR). Sarit also held various other Chief Financial Officer and senior financial positions.

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