Velodyne CEO to Step Down

SAN JOSE, Calif., July 19, 2021 — Velodyne Lidar CEO Anand Gopalan will step down from his role as CEO and a member of the board, effective July 30. In response to the situation, the company created an Office of the Chief Executive (OCE) comprising several members of Velodyne’s senior leadership team: Jim Barnhardt, COO; Drew Hamer, CFO; Kathy McBeath, chief people officer, and Sinclair Vass, chief commercial officer. Gopalan’s resignation follows a series of high-profile departures and internal scuffles.

The OCE, a press release stated, will continue to execute the company’s growth strategy developed by Gopalan and the executive team. The board of directors has retained an executive search firm to identify a successor. Gopalan will continue to support the company in an advisory capacity following his departure.

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About Velodyne LiDAR Inc.

Published: July 2021

Glossary

lidar: Lidar, short for light detection and ranging, is a remote sensing technology that uses laser light to measure distances and generate precise, three-dimensional information about the shape and characteristics of objects and surfaces. Lidar systems typically consist of a laser scanner, a GPS receiver, and an inertial measurement unit (IMU), all integrated into a single system. Here is how lidar works: Laser emission: A laser emits laser pulses, often in the form of rapid and repetitive laser...

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BusinesslidarCEOCEO resignationresignationboard of directorsVelodyneVelodyne LidarDavid HallAnand GopalanCTOchief executive officerchief technology officerDavid Hall letteropen lettersearch

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