UPDATE 1-Mobileye founder Shashua plans to step down as CEO

Intel Corporation
Mobileye Global, Inc. Class A

Intel Corporation

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Mobileye Global, Inc. Class A

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Updates with context

July 23 (Reuters) - Mobileye Global MBLY.O said on Thursday that founder Amnon Shashua plans to step down as chief executive officer once a successor is appointed, as the autonomous driving technology maker launched a search for its next leader.

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

Shares were up 8% in premarket trading.

Mobileye also reported second-quarter revenue of $508 million, beating LSEG estimates of $481.24 million, helped by what CEO Amnon Shashua described as "strong momentum" in the company's core business as it prepares for a number of advanced product launches in late 2026 and throughout 2027.




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