Mobileye Announces Change to its Board of Directors
March 07 2024 - 4:40PM
Business Wire
Mobileye Global Inc. (Nasdaq: MBLY) today announced that Jon M.
Huntsman, Jr. has resigned from Mobileye’s Board of Directors
effective as of April 15, 2024, to accept a new executive
management position.
Gov. Huntsman has served on Mobileye’s board since October 2022
as an independent director and member of the nominating and
corporate governance committee.
“I am deeply thankful for Gov. Huntsman’s counsel while he
served as a director of Mobileye during our new era as a publicly
traded company,” said Professor Amnon Shashua, President and CEO of
Mobileye. “The governor was a strong proponent of our business
strategy and technological roadmap, and I wish him all the best for
his next endeavors.”
“Jon has been a valuable member of the Board and we have
appreciated his experience and thoughtful insights on matters
around the world,” said Pat P. Gelsinger, chair of Mobileye’s Board
of Directors. “On behalf of the Board, I would like to thank Jon
for his service and commitment to Mobileye.”
“I have truly enjoyed my time on the board at Mobileye and would
have continued serving were it not for my new role,” said Gov.
Huntsman. “I strongly believe in Mobileye’s vision to improve road
safety and the automotive industry globally through advanced
technology.”
Upon Gov. Huntsman’s resignation, Mobileye will begin the
process of recruiting a new independent director to serve on its
Board of Directors.
About Mobileye Global Inc.
Mobileye (Nasdaq: MBLY) leads the mobility revolution with its
autonomous driving and driver-assistance technologies, harnessing
world-renowned expertise in computer vision, artificial
intelligence, mapping, and data analysis. Since its founding in
1999, Mobileye has pioneered such groundbreaking technologies as
REM™ crowdsourced mapping, True Redundancy™ sensing, and
Responsibility Sensitive Safety (RSS). These technologies are
driving the ADAS and AV fields towards the future of mobility –
enabling self-driving vehicles and mobility solutions, powering
industry-leading advanced driver-assistance systems and delivering
valuable intelligence to optimize mobility infrastructure. To date,
approximately 170 million vehicles worldwide have been built with
Mobileye technology inside. In 2022 Mobileye listed as an
independent company separate from Intel (Nasdaq: INTC), which
retains majority ownership.
“Mobileye,” the Mobileye logo and Mobileye product names are
registered trademarks of Mobileye Global. All other marks are the
property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements.
Statements in this release that are not statements of historical
fact are forward-looking statements and should be evaluated as
such. These statements often include words such as “anticipate,”
“expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,”
“targets,” “projects,” “should,” “could,” “would,” “may,” “will,”
“forecast,” or the negative of these terms, and other similar
expressions, although not all forward-looking statements contain
these words. We base these forward-looking statements or
projections on our current expectations, plans and assumptions that
we have made in light of our experience in the industry, as well as
our perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances and at such time. You should understand
that these statements are not guarantees of performance or results.
The forward-looking statements are subject to and involve risks,
uncertainties and assumptions and you should not place undue
reliance on these forward-looking statements. Although we believe
that these forward-looking statements are based on reasonable
assumptions at the time they are made, you should be aware that
many factors could affect our actual financial results or results
of operations and could cause actual results to differ materially
from those expressed in the forward-looking statements. Detailed
information regarding these and other factors that could affect
Mobileye’s business and results is included in Mobileye’s SEC
filings, including the company’s Annual Report on Form 10-K for
fiscal year 2023 and its Quarterly Reports on Form 10-Q,
particularly in the sections entitled “Risk Factors.” Copies of
these filings may be obtained by visiting our Investor Relations
website at ir.mobileye.com or the SEC’s website at www.sec.gov.
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Dan Galves Investor Relations investors@mobileye.com
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