Mobileye founder Shashua to step down as CEO

By Reuters 23 July 2026, 2:01 pm

Edit

Amnon Shashua, co-founder and chairman of Mobileye, is seen at a Science Committee meeting in the Knesset, June 04, 2018. (Miriam Alster/Flash90)

Mobileye Global says founder Amnon Shashua plans to step down as chief executive officer of the pioneering Israeli firm once a successor is appointed, as the autonomous driving technology maker launches a search for its next leader.

The board will hire an executive search firm to select a new CEO, Mobileye says. Shashua will remain a director and has been offered the chairman role once a successor is in place.

Shares were up 8 percent in premarket trading.

Mobileye reports second-quarter revenue of $508 million, beating LSEG estimates of $481.24 million, helped by what Shashua describes as “strong momentum” in the company’s core business as it prepares for several advanced product launches in late 2026 and throughout 2027.