Cyngn Promotes Natalie Russell to CFO Role

• Cyngn Inc. promotes Natalie Russell to CFO • Russell joins from Ernst & Young audit and assurance practice • She previously worked at SOAProjects, Inc. as Technical Accounting Manager • Russell is a Certified Public Accountant in California • Holds a Bachelor of Science in Business Administration from University of Dayton • She will lead financial planning and reporting for the company.

Mountain View, Calif., Aug. 14, 2025 /PRNewswire/ — Cyngn Inc. (Nasdaq: CYN) has announced the promotion of Natalie Russell to the position of Chief Financial Officer (CFO). Russell brings extensive experience in technical accounting and financial reporting, having previously worked at Ernst & Young and SOAProjects, Inc. [1]

Mrs. Russell began her career in the audit and assurance practice of Ernst & Young from September 2017 to December 2022. She is a Certified Public Accountant in the state of California and holds a Bachelor of Science in Business Administration from the University of Dayton. Prior to joining Cyngn, she served as a Technical Accounting Manager at SOAProjects, Inc. from December 2022 to March 2023, where she specialized in technical accounting research and financial reporting for clients in the technology and life sciences industries. [2]

Russell joined Cyngn in March 2023 as Director of Accounting and will now lead the company's financial planning and reporting. Lior Tal, CEO of Cyngn, praised Russell's ability to navigate complex accounting matters with precision and implement financial processes that strengthen operational efficiency. "Her deep technical expertise and proven leadership will be invaluable as we continue to execute our growth strategy," Tal said. [3]

Natalie Russell expressed her enthusiasm for the new role. "With industrial autonomous vehicle adoption accelerating, we have a significant opportunity ahead. I look forward to partnering with the team to advance our strategic priorities and drive growth," she said.

Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The company addresses significant challenges facing these organizations, such as labor shortages and costly safety incidents. Cyngn's DriveMod technology allows customers to seamlessly integrate self-driving technology into their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts. [1]

Investors and financial professionals should note that this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. [1]

References:
[1] https://www.marketscreener.com/news/cyngn-names-natalie-russell-as-chief-financial-officer-ce7c51d9d98ff02d
[2] https://www.prnewswire.com/news-releases/cyngn-names-natalie-russell-as-chief-financial-officer-302529496.html
[3] https://finance.yahoo.com/news/cyngn-names-natalie-russell-chief-110500043.html