JERUSALEM - Mobileye Global Inc. (NASDAQ:MBLY), a leader in autonomous driving technologies, today reported that Jon M. Huntsman (NYSE:HUN), Jr. will step down from its Board of Directors. Huntsman's resignation will take effect on April 15, 2024, as he transitions to a new executive management position.
Having joined the Mobileye board in October 2022, Huntsman has been an independent director and a part of the nominating and corporate governance committee. During his tenure, he contributed to the company's strategic direction following its transition to a publicly traded entity.
Professor Amnon Shashua, President and CEO of Mobileye, expressed gratitude for Huntsman's guidance and support, particularly noting his advocacy for the company's business strategy and technological roadmap. Pat P. Gelsinger, chair of Mobileye's Board of Directors, also acknowledged Huntsman's valuable insights and thanked him for his commitment to the company.
In his statement, Huntsman reflected positively on his experience with the board and reiterated his belief in Mobileye's vision for enhancing global road safety and the automotive industry through advanced technology. Huntsman's departure will prompt Mobileye to initiate a search for a new independent director to fill the upcoming vacancy on its Board of Directors.
Mobileye is recognized for its innovative contributions to the fields of autonomous driving and driver-assistance, including the development of REM™ crowdsourced mapping, True Redundancy™ sensing, and Responsibility Sensitive Safety (RSS). Since its establishment in 1999, Mobileye's technology has been incorporated into approximately 170 million vehicles worldwide. In 2022, the company was listed independently, although Intel (NASDAQ:INTC) maintains majority ownership.
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