Company Strengthens Executive Bench While Ramping to Large-Scale Production
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne LiDAR Inc., the world leader in 3D real-time perception systems for autonomous vehicles, today announced Robert (Bob) Brown has joined the company as its Chief Financial Officer. Brown will report to founder and CEO David Hall.
“As we scale to production at our Megafactory, we’re on-track to produce LiDAR sensors in the millions,” said David Hall, Founder and CEO, Velodyne LiDAR. “Bob will help us build a world-class financial organization parallel to that current pace of growth and we’re delighted to have a professional of his caliber join our executive team.”
“Velodyne LiDAR created a first-to-market technology that has become the industry standard for 3D, real-time images for autonomous applications,” said Brown. “I’m thrilled to join the team and help shape the company’s exciting new phase of growth.”
Velodyne invented and patented the world’s first 3D real-time LiDAR sensors in 2005, creating both the core foundational sensor technology enabling the autonomous market, as well as achieving the market share leadership position in truly autonomous vehicle programs. Velodyne is backed by several notable investors and partners, including the Ford Motor Company and Baidu. Sensors today are manufactured at its Megafactory in San Jose, California.
Brown joins Velodyne LiDAR from VeriSilicon Holdings Co., where he served as the Chief Financial Officer and Executive Vice President, responsible for functions including accounting, FP&A, legal, IT, and investor relations. Over the course of his career, he has played a key role in M&A transactions and financings valued at over $20 billion, including the sale of LSI to Avago Technologies for $6.6 billion in May 2014. Brown has held senior financial and business development roles at LSI Corporation and Cadence Design Systems, and various finance roles at Hewlett-Packard. He received his Bachelor of Science degree in Business from Miami University and his MBA from the University of Michigan.
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne, a global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including robotics, industrial, intelligent infrastructure, autonomous vehicles and advanced driver assistance systems (ADAS). Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all.