UPDATE: Baird Downgrades Velodyne Lidar, Inc. (VLDR) to Neutral

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Velodyne Lidar Announces Leadership Transition

July 19, 2021 8:00 AM EDT

Provides Progress Update on Growth Strategy

SAN JOSE, Calif.--(BUSINESS WIRE)-- Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the leading lidar company, known worldwide for its broad portfolio of breakthrough lidar technologies, today announced that Dr. Anand Gopalan has informed the Board of Directors that he is stepping down as CEO and a member of the Board, effective July 30, 2021. In connection with this announcement, the Board has created an Office of the Chief Executive (OCE), comprising several members of Velodynes senior leadership team: Jim Barnhart, Chief Operating Officer; Drew Hamer, Chief Financial... More