Mobileye Founder Amnon Shashua Steps Down as CEO After 27 Years

Amnon Shashua, founder and CEO of Mobileye, announced his intention to step down from his CEO role after 27 years at the helm. The announcement was made to Mobileye's board on Thursday, signaling a major leadership change for the Israeli autonomous driving technology company. Shashua, who transformed Mobileye from an Israeli startup into a global leader in autonomous vehicle technology, will remain on the board and is expected to be offered the position of chairman once a new CEO is appointed.

Mobileye's board will initiate a comprehensive search process for Shashua's successor, engaging an external recruitment firm to identify candidates. At this stage, no specific successor has been named, as the search is just beginning. Shashua is also stepping down from his role as chairman of AI21 Labs, another prominent company.

The leadership transition follows a recent restructuring at Mobileye, which included layoffs affecting approximately 60% of its workforce. Despite stepping down as CEO, Shashua will continue to influence the company's strategic direction, focusing on long-term technological trends such as humanoid robotics. This focus aligns with Mobileye's recent acquisition of Manti Robotics, marking its entry into the robotics field.

Shashua's tenure included leading Mobileye through a historic IPO and its acquisition by Intel, solidifying its position in the global tech industry. His ongoing role as chairman will likely emphasize innovation and expansion into new technology sectors.