UPDATE: Baird Downgrades Velodyne Lidar, Inc. (VLDR) to Neutral
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July 19, 2021 8:16 AM EDT
(Reuters) - Sensor maker Velodyne Lidar Inc said on Monday Chief Executive Officer Anand Gopalan would step down at the end of July, a little over a year after taking the role, sending its shares down nearly 6%.
San Jose, California-based Velodyne will be led by a team consisting of several... More
July 19, 2021 8:05 AM EDT
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 Officer; Kathy McBeath, Chief People Officer; and Sinclair Vass, Chief Commercial Officer. With support from the Board... More
