HUB Adds to Board, Shares Flat

HUB Cyber Security Ltd. (NASDAQ: HUBC) began Monday much where they ended Friday. The Israeli-based global provider of confidential computing and secured data fabric technologies, today announced the appointment by its shareholders of Vineet Malhotra to its Board of Directors and provided a governance and capital framework update as the Company advances its long-term strategy.

The Company’s expanded Board of Directors reflects a governance structure aligned with HUB’s focus on regulated infrastructure, financial systems, and risk-managed execution. Following the appointment of Mr. Malhotra, the Board includes independent members Renah Persofsky, Chairperson (governance and finance); Vineet Malhotra (banking and payments); Shlomo Bibas (strategy and technology); and Ilan Flato (capital markets, governance and regulatory affairs). They are joined by Major General (Ret.) Uzi Moscovici (national security and risk oversight and former HUB CEO and chairman) and Noah Hershcoviz, Chief Executive Officer, as Board members.

Malhotra, the news release continues. “brings over two decades of senior leadership experience building and operating regulated banking and payment platforms on a global scale. He most recently served as Managing Director and Global Head of Simplii Financial, the digital bank of Canadian Imperial Bank of Commerce (CIBC). His appointment strengthens the Board’s oversight across financial infrastructure, transaction systems, and regulated execution.”

HUBC shares were flat at 39.33 cents.