Velodyne Lidar Announces Virginia Boulet as Chairperson of the Board
July 19 2022 - 9:00AM
Business Wire
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), (the
“Company”) today announced that Virginia Boulet was appointed the
Chairperson of the Board of Directors, effective immediately.
Michael Dee, the former Chairperson of the Board informed the Board
of his intent to transition out of the Chairperson role. He will
continue to serve as a member of the Board.
“These are exciting times for Velodyne and I am pleased my
fellow board members have chosen me to assume the role of
Chairperson. The Company is led by a terrific management team and I
am confident they will execute on their business plans to deliver
better operational and financial results,” said Ms. Boulet.
Ms. Boulet has served as a member of Velodyne’s Board since
November 2021. She is a corporate governance leader with more than
30 years of experience in corporate and securities law.
Mr. Dee joined the Velodyne Board in September 2020 and has
served as its Chairperson since July 2021. The Board wishes to
thank him for his extraordinary time commitment and efforts during
his time as Chairperson.
“I would like to thank Michael for his support and guidance as I
transitioned into the CEO role. We are grateful for Michael’s
leadership as Chairperson and his contributions to the Company,”
said Dr. Ted Tewksbury, CEO of Velodyne Lidar. “Virginia has
contributed immense value to our Board since joining last year. I
look forward to working closely with her and the rest of the Board
to achieve our strategic plans and deliver leading-edge intelligent
vision solutions to our customers.”
Forward Looking Statements
This press release contains "forward looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 including, without
limitation, all statements other than historical fact and include,
without limitation, statements regarding Velodyne’s target markets,
new products, development efforts, and competition. When used in
this press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," “can,” "should," "future," "propose" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Velodyne's control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include uncertainties regarding government
regulation and adoption of lidar, the uncertain impact of the
COVID-19 pandemic on Velodyne's and its customers' businesses;
Velodyne's ability to manage growth; Velodyne's ability to execute
its business plan; uncertainties related to the ability of
Velodyne's customers to commercialize their products and the
ultimate market acceptance of these products; the rate and degree
of market acceptance of Velodyne's products; the success of other
competing lidar and sensor-related products and services that exist
or may become available; uncertainties related to Velodyne's
current litigation and potential litigation involving Velodyne or
the validity or enforceability of Velodyne's intellectual property;
and general economic and market conditions impacting demand for
Velodyne's products and services. For more information about risks
and uncertainties associated with Velodyne’s business, please refer
to the “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and “Risk Factors” sections of
Velodyne’s SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q. All
forward-looking statements in this press release are based on
information available to Velodyne as of the date hereof, Velodyne
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of
autonomous technology with the invention of real-time surround view
lidar sensors. Velodyne, a global leader in lidar, is known for its
broad portfolio of breakthrough lidar technologies. Velodyne’s
revolutionary sensor and software solutions provide flexibility,
quality and performance to meet the needs of a wide range of
industries, including robotics, industrial, intelligent
infrastructure, autonomous vehicles and advanced driver assistance
systems (ADAS). Through continuous innovation, Velodyne strives to
transform lives and communities by advancing safer mobility for
all. For more information, visit www.velodynelidar.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220719005486/en/
Investor Contact: Jim Fanucchi Darrow Associates
InvestorRelations@velodyne.com
Media Contact: Liv Allen (415) 370-0716
velodyne@codewordagency.com
Velodyne Lidar (NASDAQ:VLDR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Velodyne Lidar (NASDAQ:VLDR)
Historical Stock Chart
From Oct 2023 to Oct 2024