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Mobileye founder Shashua plans to step down as CEO

Reuters · Jul 23, 2026 10:51 · 1 min read

Mobileye's CEO Amnon Shashua speaks during a news conference for Mobileye driverless technology at the Nasdaq Market site in New York, U.S., July 20, 2021. REUTERS/Jeenah Moon

July 23 (Reuters) - Mobileye Global said on Thursday that founder Amnon Shashua plans to step down as chief executive officer once a successor is appointed, as the autonomous driving technology maker launched a search for its next leader. The board will hire an executive search firm to select a new CEO, Mobileye said. Shashua will remain a director and has been offered the chairman role once a

The board will hire an executive search firm to select a new CEO, Mobileye said. Shashua will remain a director and has been offered the chairman role once a successor is in place.

Shares were up 8% in premarket trading.

Mobileye also reported second-quarter revenue of $508 million, beating LSEG estimates of $481.24 million, helped by what CEO Amnon Shashua described as "strong momentum" in the company's core business as it prepares for a number of advanced product launches in late 2026 and throughout 2027.

Mobileye logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration

(Reporting by Rashika Singh in Bengaluru; Editing by Vijay Kishore)

Tags: Fortune 500 Business Business news Money

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