Company: TSEM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001178913-25-001537
Chunk: 176

Company: TOWER SEMICONDUCTOR LTD
Filing Date: 2025-04-30
Form: 20-F
Item: Item 5
Chunk 176
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 Industries senior management team from 2005 to 2008, where he ultimately held the position of the Executive Vice
President at the Office of the Chief Executive Officer, overseeing Global Pharmaceutical Resources. Prior to that, Mr. Elstein was an
executive at Intel Corporation, where he worked for 23 years, eventually serving as General Manager of Intel Electronics Ltd., an Israeli
subsidiary of Intel Corporation. Mr. Elstein received a B. Sc. degree in physics and mathematics from the Hebrew University of Jerusalem
and M. Sc. degree in the Solid-State Physics Department of Applied Physics from the Hebrew University of Jerusalem. In 1992, Mr. Elstein
received his diploma of Senior Business Management from the Hebrew University of Jerusalem.

Kalman Kaufman has served as a director since 2005 and as
chairman of the Corporate Governance and Nominating Committee since January 2018. From 1994 until 2005, Mr. Kaufman served as Corporate
Vice President at Applied Materials. Between 2010 and 2012, Mr. Kaufman served as Chairman of the Management Committee at Soltecture,
a Berlin-based solar manufacturing company. From 1985 until 1994, Mr. Kaufman served as President of KLA Instruments Israel, a company
he founded, and prior to that, he served as General Manager of Kulicke and Soffa Israel. Mr. Kaufman currently serves as Chairman
of the board of directors of Invisia Inc. and AgreeTech Inc., as well as a director at Blue Circle, an AI company. Mr. Kalman is
also Chair of the General Assembly of Kinneret Academic College and Chairman of the Tzemach Kineret Development Corporation. Mr.
Kaufman holds engineering degrees from the Technion - - Israel Institute of Technology.

49

Dana Gross has served as a director since November 2008, as a member
of the Corporate Governance and Nominating Committee since January 2018, as a member of the Compensation Committee since February 2013
and as Chair of the Compensation Committee since November 2020. In addition, Mrs. Gross has served as a director on the board of
Tower Semiconductor Newport Beach, Inc., our wholly-owned subsidiary, since March 2009. Mrs. Gross has served as the Head of Strategic
Initiatives at Fiverr International Ltd. since February 2022. Ms. Gross served as chief strategy officer of Prospera Technologies