Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 173

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 5
Chunk 173
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               45      Director                                                                                                                                  
  O            Carolin Seward               58      Director                                                                                                                                  
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______________
(*) Russell Ellwanger also serves as an ex-officio director;
his information is included under Senior Management above.

47

Senior Management

Russell C. Ellwanger has served as our Chief Executive Officer
since May 2005. Mr. Ellwanger has also served as a director since September 2016, and previously served as a director between May 2005
and April 2013. Mr. Ellwanger serves as Chairman of the Board of Directors of our subsidiaries, Tower Semiconductor USA, Inc., Tower
US Holdings, Inc., Tower Semiconductor NPB Holdings, Inc., Tower Semiconductor Newport Beach, Inc., Tower Partners Semiconductor Co.,
Ltd., Tower Semiconductor San Antonio, Inc. and Tower Semiconductor Italy, S. r. l. From 1998 to 2005, Mr. Ellwanger served in various
executive positions for Applied Materials Corporation, including Group Vice President, General Manager of the Applied Global Services
(AGS), from 2004 to 2005, and Group Vice President, General Manager of the CMP and Electroplating Business Group, from 2002 to 2004.
Mr. Ellwanger also served as Corporate Vice President, General Manager of the Metrology and Inspection Business Group, from 2000 to 2002,
during which time he was based in Israel. From 1998 to 2000, Mr. Ellwanger served as Vice President of Applied Materials’
300-mm Program Office, USA. Mr. Ellwanger served as General Manager of Applied Materials’ Metal CVD Division from 1997 to
1998 and from 1996 to 1997, Mr. Ellwanger served as Managing Director of CVD Business Development, during which time he was based in Singapore.
In addition, Mr. Ellwanger held various managerial positions in Novellus System from 1992 to 1996 and in Philips Semiconductors from 1980
to 1992.

Dr. Marco Racanelli has served as our President since November
2023. Prior to that, Dr. Racanelli served as Senior Vice President and General Manager of the Analog Business Unit from December 2018
and as the Newport Beach Site Manager from April 2014