Velodyne Lidar founder David Hall steps down from board after weeks of turmoil - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) - Sensor maker Velodyne Lidar Inc said on Monday it had removed founder David Hall as chairman and his wife Marta Thoma Hall as marketing chief for a lack of honesty, a charge Marta Hall said the couple was not allowed to rebut in a board meeting she described as an “ambush.”
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Shares of Velodyne, one of several companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the road ahead, were down about 15% in afternoon trading. Lidar sensors are a key technology as the auto industry pushes toward self-driving vehicles.