Mobileye founder Amnon Shashua will step down as chief executive after a successor is appointed, the company announced.
The board plans to hire an executive search firm and conduct a comprehensive process to select the next CEO. Shashua has been offered the chairmanship after the transition and currently intends to remain a director.
Shashua has led Mobileye for 27 years. Founded in 1999, the company develops driver-assistance and autonomous-driving technology. Mobileye says its systems have been deployed in more than 250 million vehicles across more than 1,400 models.
For nearly three decades, Mobileye has been my life’s work. As the company continues to grow and mature, I believe this is the right moment to establish the leadership structure that will be best suited for Mobileye’s next chapter. I remain deeply committed to Mobileye’s success and am excited about the opportunities ahead, particularly in advanced AI, autonomous systems, and humanoid robotics. I look forward to supporting the Board and leadership team throughout the transition process and continuing to contribute to the areas where I can have the greatest long-term impact — Amnon Shashua, Mobileye founder and CEO
Mobileye also said it has expanded into humanoid robotics in recent years. Once the new CEO is appointed, Shashua has been offered a board role focused on long-term technology trends and innovation opportunities.
Shashua notified the board of his decision on July 18. In its Form 8-K the company said the move was not caused by any disagreement over Mobileye’s operations, policies or practices.
