• Steakholder Foods is excited to announce the promotion of VP Finance Eitan Noah, to CFO.
• Noah, an experienced finance leader, has been an integral part of the company’s finance team since 2021 and has demonstrated a deep understanding of the company’s operations, financials, and strategic priorities.

Steakholder Foods Ltd. (Nasdaq: STKH) (formerly MeaTech 3D: MITC), an international deep-tech food company at the forefront of the cultivated meat industry, is excited to announce the promotion of a key member of its executive team. The current Vice President of Finance, Mr. Eitan Noah, will be assuming the position of the Company’s Chief Financial Officer, as its current Chief Financial Officer, Guy Hefer, has decided to step down from his role.

Eitan Noah, B.A., CPA, will assume the CFO role on March 23, 2023, following the publication of the Company’s annual report. Mr. Noah has been the Company’s Vice President of Finance since January 2021. He is an integral member of the company’s finance team, demonstrating exceptional leadership and financial acumen during his tenure, with a deep understanding of the company’s operations, financials, and strategic priorities.

Before his tenure as VP Finance at Steakholder Foods, Mr. Noah was Director of Finance at Inception XR, Inc., and Controller and FP&A Manager at Fluence Corp. Ltd. Before that, he was a senior associate at PwC Israel. He holds a Bachelor’s degree in Economics from the Ben-Gurion University of the Negev, Israel, and is a certified practicing accountant.

Steakholder Foods CEO Arik Kaufman commented, “Mr. Noah is a core part of our leadership and has demonstrated his financial expertise alongside his strong commitment to the company’s vision over the past few years. We’re excited to continue working with him in this new stage of his path at Steakholder Foods.”

Mr. Noah’s appointment follows the decision of Mr. Guy Hefer to step down from the Chief Financial Officer role for personal reasons. Under his leadership, Steakholder Foods has grown to be a multinational leader in the field of cultivated meat and the first cell agriculture developer whose securities are traded on the Nasdaq Capital Market.

Mr. Hefer stated, “I want to express my deepest appreciation for Steakholder Foods and their top-notch team and wish the Company all the best in the future. I’ve had the pleasure of working alongside Eitan and have no doubt that he is the right man for the job, as an experienced finance leader with a deep understanding of the company. Steakholder Foods is poised to be a major player in the cultured food revolution, and it has been my distinct honor to play a role in the company’s journey.”

He added, “It is with mixed emotions that I announce my decision to step down from my role as the company’s CFO. Serving as CFO has been an honor and a privilege, and I am grateful for the opportunity to have worked alongside such a talented and dedicated team. I am proud of the progress that we have made together during my tenure. We have successfully navigated a rapidly changing market environment, and I am confident that our company will continue to thrive under the leadership of our talented executive team and the dedicated employees who work tirelessly every day to drive our success. I also want to express my gratitude to our shareholders for their support and trust over the years. I look forward to following our progress in the years ahead.”

About Steakholder Foods

Steakholder Foods Ltd., formerly MeaTech 3D Ltd., is an international deep-tech food company at the forefront of the cultured meat revolution. The company initiated activities in 2019 and is listed on the Nasdaq Capital Market under the ticker “STKH” (formerly MITC). Steakholder Foods maintains facilities in Rehovot, Israel, and Antwerp, Belgium, and has recently expanded activities to the US.

The company is developing a slaughter-free solution for producing a variety of beef, chicken, pork, and seafood products — both as raw materials and whole cuts — as an alternative to industrialized farming and fishing. With its membership in the UN Global Compact, Steakholder Foods is committed to act in support of issues embodied in the United Nations Sustainable Development Goals (SDGs) which include strengthening food security, decreasing carbon footprint, and conserving water and land resources.

For more information, please visit: https://steakholderfoods.com