Mobileye Founder Amnon Shashua Steps Down as CEO After 27 Years

Amnon Shashua, founder and CEO of Mobileye, announced his intention to resign as CEO following the appointment of a successor. The company's board will conduct a comprehensive search for a new CEO with the help of a senior recruitment firm. After the new CEO is appointed, Shashua is expected to become chairman of the board and will continue serving as a director during the transition period.

Founded in 1999, Mobileye revolutionized vehicle safety by integrating computer vision technology into driving worldwide. Its technology is embedded in over 250 million vehicles across more than 1,400 models globally. Recently, the company expanded into humanoid robotics. The board chairman, Spiroudo Yavo-Amankwa, praised Shashua for his exceptional leadership and called him one of the leading technologists in driver assistance, artificial intelligence, and robotics.

Shashua stated that Mobileye has been a major part of his life for nearly three decades and that now is the right time to establish a leadership structure suited for the company’s next phase. He expressed commitment to Mobileye’s success and enthusiasm for upcoming opportunities in advanced AI, autonomous systems, and humanoid robotics. David Zinsner, Intel’s CFO, whose company owns about 77% of Mobileye, also thanked Shashua and expressed optimism about the company’s future under new leadership.

The board emphasized that this planned leadership transition reflects Mobileye’s evolution as a global technology company and aims to ensure continuity in leadership, strategy, and execution. As future chairman, Shashua will focus on long-term technology trends, including advancing the company’s humanoid robotics business. Shashua guided Mobileye through key milestones, including its 2014 IPO, which was then the largest Israeli public offering, and its 2017 acquisition by Intel. Mobileye was re-listed on the stock market in 2022.