Amnon Shashua founded Mobileye in 1999. (Bridget Bennett/Bloomberg)
key takeaways:
- Mobileye said on July 23 that co-founder Amnon Shashua plans to step down as CEO following the appointment of a successor.
- Shashua led Mobileye’s 2014 IPO, sold it to Intel in 2017 for more than $15 billion and relisted in 2022, though shares are down about 60%.
- Mobileye reported quarterly earnings that beat analysts’ estimates and said Shashua would remain CEO until a replacement is named.
Amnon Shashua is resigning as CEO of Mobileye Global Inc., the driver-assistance systems supplier he led before and after its more than $15 billion sale to Intel Corp. was taken public.
Shashua, 66, informed Mobileye’s board of his intention to leave the CEO role after appointing a successor, after the Jerusalem-based company announced quarterly earnings on July 23 that beat analysts’ estimates.
The computer scientist co-founded Mobileye in 1999, led the largest US initial public offering by an Israeli company in 2014, then sold it to Intel in 2017.
Since Mobileye’s relisting in 2022, shares have fallen nearly 60% as of July 22.
The stock jumped as much as 12% as of 6:35 a.m. in New York, before regular trading began.
After leading Mobileye for 27 years, Founder and CEO Prof. @AmnonShashua The CEO plans to step down after the board appoints a successor.
The Board has offered Professor Shashua the role of Chair, allowing him to focus on what has always been at the heart of his work: research,… pic.twitter.com/JBedGxehE1
– Mobileye (@Mobileye) 23 July 2026
Tesla Inc. of Shashua in 2016 after a Model S driver died in a crash while using Autopilot, a driver-assistance system that at the time relied on Mobileye cameras. There was a clash with CEO Elon Musk.
In the decade since the two companies were separated, Mobileye has established relationships with automakers including Toyota Motor Corp., Volkswagen Group, General Motors Co. and Ford Motor Co.
