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Mobileye founder Amnon Shashua to step down
CEO had volatile multidecade run
Amnon Shashua founded Mobileye in 1999. (Bridget Bennett/Bloomberg)
Key Takeaways:
- Mobileye said July 23 that co-founder Amnon Shashua plans to step down as CEO after a successor is appointed.
- Shashua led Mobileye’s 2014 IPO, its 2017 sale to Intel for more than $15 billion and its 2022 relisting, though shares are down nearly 60%.
- Mobileye reported quarterly earnings that beat analysts’ estimates and said Shashua will remain CEO until a replacement is named.
Amnon Shashua is stepping down as CEO of Mobileye Global Inc., the driver-assistance systems supplier he took public before and after a more than $15 billion sale to Intel Corp.
Shashua, 66, informed Mobileye’s board of his intention to cede the CEO role once a successor is appointed, the Jerusalem-based company announced July 23 alongside quarterly earnings that beat analysts’ estimates.
The computer scientist co-founded Mobileye in 1999, led the biggest U.S. initial public offering by an Israeli company in 2014, then sold to Intel in 2017.
Since Mobileye relisted in 2022, the shares have fallen almost 60% through the July 22 close.
The stock jumped as much as 12% as of 6:35 a.m. in New York, before the start of regular trading.
After 27 years leading Mobileye, Founder and CEO Prof. @AmnonShashua plans to step down as CEO once the Board appoints a successor.
The Board has offered Prof. Shashua the role of Chairman, allowing him to focus on what has always been at the heart of his work: research,… pic.twitter.com/JBedGxehE1 — Mobileye (@Mobileye) July 23, 2026
Shashua clashed with Tesla Inc. CEO Elon Musk after a Model S driver died in a 2016 crash while using Autopilot, a driver-assistance system then reliant on Mobileye cameras.
In the decade since the two companies parted ways, Mobileye has established ties with automakers including Toyota Motor Corp., Volkswagen Group, General Motors Co. and Ford Motor Co.
