HUB Cyber Security Ltd. announced significant changes to its executive leadership team, marking a strategic shift to propel the Company's business and target shareholder value. HUB?s board has unanimously appointed Noah Hershcoviz as the new Chief Executive Officer. Noah currently serves as the Company?s Chief Strategy Officer and a member of its Board of Directors, and his deep understanding of the Company's vision and his strategic acumen position him as an exceptional candidate to lead HUB Security into its next growth phase.

His appointment is effective immediately. Noah was formerly a member of the EY Transaction Advisory team and has global banking and business experience with multi-billion-dollar international public companies and IPOs. Noah has played a central role in raising capital for HUB and strengthening the management team while building the forward strategy including setting the stage for forthcoming business combinations.

He has also been responsible for interacting with HUB?s global shareholders. Noah has become a pivotal contributor to HUB?s vision and future, which was the fundamental reason behind his appointment as the Company?s CEO. Simultaneously, Uzi Moscovich, who was the Chairman of the Board up till 11 months ago, and played a crucial role in navigating HUB Security through multiple challenges and restoring stability following the termination of the previous CEO, will be assuming back the role of Active Director on the board.