Mobileye Founder Amnon Shashua Steps Down as CEO

Amnon Shashua is stepping down from his role as CEO of Mobileye. He built the company into a leader in autonomous driving technology before Intel acquired the business for 15.3 billion dollars in 2017.

Following the acquisition, Shashua guided the company through a successful return to the public markets on the Nasdaq. His departure marks the end of a significant era for the firm as it looks toward its next phase of growth in the automotive sector.

Investors are now watching to see how the change in leadership affects the company path. While the company has established a firm grip on self driving technology, shifting management often brings questions about future strategy and corporate direction.