Mobileye starts CEO search as founder Amnon Shashua plans to step down

Mobileye is preparing for its largest leadership change since the autonomous-driving company was founded in 1999. The company said on July 23 that founder Prof. Amnon Shashua has told the board he intends to step down as chief executive once a successor is appointed, while remaining a director. Mobileye's board plans to hire an executive search firm and has offered Shashua the chairman role after the transition.

The move matters because Mobileye is not just changing a corporate title. Shashua has been closely identified with the company's core technology strategy for 27 years, from camera-based advanced driver assistance systems to self-driving software, mapping, imaging radar and newer work in what the company calls physical AI. Mobileye says its EyeQ technology has been built into more than 250 million vehicles, and Intel remains its majority owner after Mobileye's 2022 relisting.

A transition during a product push

Mobileye framed the succession plan as a way to support its next phase while keeping Shashua focused on longer-range technology bets. The company said he would concentrate primarily on long-term innovation opportunities if he becomes chairman, including its humanoid robotics business. That emphasis follows Mobileye's 2026 acquisition of Mentee Robotics, a startup Shashua also co-founded.

The announcement landed the same day Mobileye reported second-quarter results and updated guidance. Revenue was $508 million for the quarter ended June 27, roughly flat from $506 million a year earlier. The company also said adjusted operating income rose 46 percent year over year to $155 million, helped by an Israeli R&D incentive grant recognized during the quarter.

• Mobileye said it is continuing preparations for commercial robotaxi services with Volkswagen Group company MOIA.
• The company also pointed to a new high-volume Cloud-Enhanced ADAS design win with Stellantis during the quarter.
• For full-year 2026, Mobileye narrowed its revenue outlook to $1.97 billion to $2.02 billion.

Reuters reported that investors focused on the uncertainty around the leadership change and a weaker third-quarter outlook, sending shares down sharply despite the April-June earnings beat. That reaction highlights the balancing act facing Mobileye's next CEO: maintain the company's established driver-assistance chip and software business while deciding how aggressively to fund robotaxi services and humanoid robotics. For customers and automakers, the practical question is whether Mobileye can keep product launches on schedule while its founder shifts from day-to-day management to a technology and board role.

Sources

• ir.mobileye.com
• ir.mobileye.com
• whbl.com

Cover photo by Stephen Leonardi on Pexels, used under the Pexels License.