Jazz Technologies Inc.

Russell C. Ellwanger has served as our Chief Executive Officer since May 2005. Mr. Ellwanger also serves as Chairman of the Board of Directors of our wholly-owned subsidiaries, Tower Semiconductor USA, Inc. and Jazz Technologies, Inc. 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, 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 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 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.

Moshe I. Meidar, Director. Since 1975, Mr. Meidar has been Chairman and Chief Executive Officer of Maxcor, Inc., an acquisitions and operations management organization, and, since 2005, he has been Chief Executive Officer of MAG Industrial Automation Systems LLC, a metal-cutting machine tools manufacturing company. From 2001 to 2003, he was Chairman of Allied Office Products, Inc., an office products supplier. From 2001 to 2002, he was President and Chief Executive Officer of Peek Traffic Inc., a traffic management hardware and software solutions company. From 1994 to 1999, he served as Chairman and Chief Executive Officer of Acutus Gladwin Corporation, a steel mill design, engineering, manufacturing and maintenance company. From 1989 to 1994, Mr. Meidar served as an advisor to various companies, including, Essex Industries, Inc., a architectural hardware manufacturer, Ames Department Stores, Inc., a regional discount retailer, and Merrill Lynch Capital Partners, the merchant banking arm of Merrill Lynch & Co., Inc., a financial management and advisory company. From 1989 to 1991, he served as Chairman, President and Chief Executive Officer of Rickel Home Centers, Inc., a home improvement and hardware retailer. From 1985 to 1989, he served as President and Chief Executive Officer of Noblit Industries, Inc., a security and construction hardware company. From 1981 to 1984, he served as President and Chief Executive Officer of Prime Asset Management, Inc., a turnaround and restructuring services firm. From 1978 to 1980, Mr. Meidar served as President and Chief Executive Officer of Diacon, Inc., a medical industry hardware and software company. From 1975 to 1978, he served as President and Chief Executive Officer of W.A. Butler, Inc., a veterinary supply distribution company. From 1971 to 1975, he held various positions at I.U. International Corporation, a shipping, transportation, distribution and manufacturing conglomerate, most recently in the role of Executive Vice President of the Codesco Dental Supply division. Mr. Meidar has been a member of our board of directors since August 2005.