Ambarella CFO George Laplante to Retire Later This Year
April 18 2018 - 9:00AM
Ambarella, Inc. (NASDAQ:AMBA) a leading developer of low-power, HD
and Ultra HD video processing semiconductors, today announced that
George Laplante, the company’s CFO, will retire later this year.
Mr. Laplante, who joined the company in 2011, intends to remain in
his current role until a successor is named and an orderly
transition is completed. Ambarella has initiated a search for Mr.
Laplante’s successor, and once a new chief financial officer
is appointed, Mr. Laplante will work collaboratively on the
transfer of responsibilities.
"We are very appreciative of George’s many significant
contributions to Ambarella, including leading our IPO in 2012,
establishing a strong financial foundation for the company, and
positioning us for success as we move beyond our traditional
markets with our new computer vision solutions,” said Dr. Fermi
Wang, president and CEO. “Personally, I would like to thank George
for being a great partner to me as I became a public company CEO
for the first time. George’s departure is bittersweet for us, but
we congratulate him on his career and wish him all the best in his
retirement," he said.
"It has been a pleasure to serve as CFO of Ambarella for these
past seven years, and I'm proud of the company we have become and
remain very excited about our future opportunities," said Mr.
Laplante. "While I look forward to my retirement, I plan to remain
fully engaged at Ambarella throughout the search and transition
process. There is a strong, talented team in place at all levels of
the company and I have every confidence in its ability to execute
the plans we have underway.”
About AmbarellaAmbarella, Inc. (NASDAQ:AMBA) is
a leading developer of low-power, high-definition (HD) and Ultra HD
video compression, image processing and computer vision solutions.
The company’s products are used in a variety of IP security,
sports, wearable, drone and automotive video cameras. Ambarella’s
solutions leverage over 20 years of pioneering research in computer
vision to enable future generations of intelligent cameras,
Advanced Driver Assistance Systems and autonomous vehicles. For
more information about Ambarella, please visit
www.ambarella.com.
Contacts:Ambarella
Contact: www.ambarella.com/about/contact/inquiriesInvestor
Relations Contact: Deborah Stapleton, T: +1 650 815
1239, deb@stapleton.com
All brand names, product names, or trademarks
belong to their respective holders. Ambarella reserves the right to
alter product and service offerings, specifications and pricing at
any time without notice. © 2018 Ambarella. All rights reserved.
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