Key facts
- Mobileye founder Amnon Shashua plans to step down as CEO.
- A successor is being sought by an executive search firm.
- Shashua has been offered the role of chairman.
- Mobileye reported Q2 revenue of $508 million, exceeding estimates.
- The company's shares rose 8% in premarket trading.
Mobileye Global announced that its founder, Amnon Shashua, intends to step down as chief executive officer once a successor has been appointed. The company has initiated a search for its next leader, with the board planning to engage an executive search firm for the selection process. Shashua is expected to remain a director and has been offered the position of chairman upon the appointment of his successor.