The Board of Directors of CEVA, Inc. and Issachar Ohana, the Executive Vice President of Worldwide Sales of the Company reached an understanding regarding his separation from the Company, and the Company and Mr. Ohana entered into a Separation and Release later that day pursuant to which Mr. Ohana's last day of service as the EVP of Worldwide Sales of the Company will be December 31, 2022. The company announced that Gweltaz Toquet has been promoted to the role of Chief Commercial Officer of CEVA, reporting directly to incoming CEO, Amir Panush, effective January 1, 2023. Mr. Toquet will assume responsibility for CEVA's sales and customer success efforts worldwide, following Issachar Ohana's departure from his position as Executive Vice President of Worldwide Sales effective December 31, 2022.

Mr. Toquet, 49, has more than 20 years of sales and management experience with the Company, most recently serving as the Company's Vice President of Sales for Asia Pacific, India and Europe. In particular, Mr. Toquet has spent over 15 years as the Company's Vice President of Sales for Asia Pacific based in Hong Kong, where he led the build-out and management of the sales and support functions in the region spanning China, Japan, Taiwan and Korea. Prior to joining the Company in 2002, Mr. Toquet held several roles in sales, business development, product marketing and business line management at Freehand DSP and Texas Instruments.

Mr. Toquet holds a Master of Science in Engineering degree from Institut Supérieur d'Electronique de Paris (ISEP).