Airspan Networks Holdings Inc.'s Board made certain changes to the Companys senior management and Board of Directors. The Board expanded Airspans Board of Directors to ten directors, and appointed Mr. Glenn Laxdal to serve in the newly created Board position. Mr. Stonestrom will now serve as Airspans Executive Chairman.

Glenn Laxdal, President and Chief Executive Officer has served as Airspans President and COO since January of 2022. Mr. Laxdal is a senior technology executive with over 25 years of global experience in the wireless, software and computing industries. Prior to Airspan he has held senior leadership positions at Infinera, Ericsson, Blackberry, and Nortel and has an established track record of leading global businesses and driving profitability and long-term value.

Glenn Laxdal, 62, was appointed as the Company's President and Chief Operating Officer in January 2022. Mr. Laxdal previously served since 2017 as senior vice president and general manager at Infinera Corp., a provider of connectivity solutions (Infinera"), where he was responsible for Infinera's product business. Prior to joining Infinera, Mr. Laxdal was head of network products in North America for Ericsson from 2016 to 2017, overseeing strategy, product management and solution development.

Mr. Laxdal also served as chief technology officer and head of strategy for Ericsson North America from 2014 to 2017. Prior to Ericsson, Mr. Laxdal served as vice president of global product management at BlackBerry Ltd. from 2009 to 2012 and prior to that held executive roles in product management and operations at Airvana Inc. and Nortel Networks Inc. Mr. Laxdal holds an M.B.A. from the University of Toronto and a B.A. in Economics and Bachelor of Commerce degrees from the University of Saskatchewan.