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2w ago

Mobileye Founder Amnon Shashua to Step Down as CEO

The move signals a planned leadership handoff that will shape Mobileye's shift into robotaxis, humanoid robotics, long-term technology direction.

Mobileye's CEO Amnon Shashua speaks during a news conference for Mobileye driverless technology at the Nasdaq Market site in New York, U.S., July 20, 2021. REUTERS/Jeenah Moon
Mobileye logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration
Amnon Shashua, chief executive officer of Mobileye NV, during a Bloomberg Television interview at the 2024 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 9, 2024. The event typically doubles as a preview of how tech giants and startups will market their wares in the coming year and if early announcements are any indication, AI-branded products will become the new "smart" gadgets of 2024. Photographer: Bridget Bennett/Bloomberg
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Overview

  • Mobileye disclosed on July 23 that founder Amnon Shashua will step down as CEO once a successor is appointed and has been offered the role of board chairman while remaining a director during the transition.
  • The board will hire an executive search firm to lead a comprehensive CEO search and Shashua will continue as CEO until the company names a replacement, according to the company filing.
  • Mobileye reported stronger-than-expected second-quarter results with $508 million in revenue, a 3% rise in system shipments and a narrowed 2026 revenue range that raised the midpoint.
  • The company is pressing beyond ADAS into robotaxis and humanoid robotics after its January purchase of Mentee Robotics for $900 million and its June plan to launch a U.S. robotaxi service in 2027, which the new CEO will be asked to execute.
  • Intel remains the largest shareholder with about a 77% stake and has voiced confidence in Mobileye, a factor that could shape whether the board picks an internal technical leader or an outside executive and what strategic trade-offs follow.