Sensor supplier Velodyne Lidar Inc. said CEO Anand Gopalan would step down on the end of July, a little bit of over a yr after taking the operate.
San Jose, Calif.-based Velodyne said on Monday that it can seemingly be led by a lot of members of the senior administration group whereas it searches for a successor.
The company did not give a motive for Gopalan’s departure, and reiterated its fiscal 2021 revenue outlook of between $77 million and $94 million.
Velodyne did not immediately reply to a request looking for particulars on Gopalan’s exit.
The company’s founder and former chairman David Hall had in June written a letter to the board calling for the resignation of Gopalan, Chairman Brad Culkin, directors Michael Dee and Christopher Thomas.
Velodyne in February eradicated Hall as chairman and his partner Marta Thoma Hall as promoting and advertising and marketing chief on the grounds of lack of honesty, a value Marta said the couple was not allowed to rebut.
The company, actually one in all a lot of companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the freeway ahead, is anticipated to report second-quarter outcomes on Aug. 5.