Velodyne Lidar Appoints Mark Weinswig as Chief Financial Officer

Linda D. Klein

SAN JOSE, Calif.–(Organization WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) currently declared the appointment of Mark Weinswig as Chief Fiscal Officer, efficient May perhaps 16, 2022. He will report right to CEO Dr. Ted Tewksbury and succeeds Drew Hamer, who will transition out of Velodyne to devote time with his relatives in progress of pursuing vocation alternatives later on this 12 months.

Weinswig is a seasoned community business CFO with much more than 25 many years of strategic and operational expertise in technological innovation organizations together with scaling organizations, streamlining charge structures, and conducting mergers and acquisitions. In addition to major the finance and company advancement teams, Weinswig will operate with management on strategic preparing, gross margin improvements and driving operational excellence.

“Mark is an fantastic addition to our executive staff as we amplify our concentration on lucrative earnings progress,” explained Tewksbury. “His competencies and experience in the optical sector all through a interval of transformative change are right suitable to the lidar market these days. Mark will help us carry on to scale the organization and strengthen profitability, whilst providing full stack smart eyesight methods that facilitate our customers’ advancement of autonomous techniques.”

“Drew helped situation Velodyne for its future phase of expansion by making certain an ongoing powerful monetary position. He has been an priceless lover to the board and government staff. We thank him for his lots of contributions to Velodyne and want him the very finest with his long term endeavors,” included Tewksbury.

Weinswig reported, “Ted’s vision and monitor record of top commercially prosperous know-how innovation, combined with Velodyne’s significant sector possibility and top lidar answers, were being essential drivers for me in becoming a member of Velodyne. I appear forward to functioning intently with the excellent management team as we keep on to execute on the considerable growth prospects that lie ahead.”

About Mark Weinswig

Mark Weinswig has much more than 25 yrs of experience in money management positions in personal and publicly traded engineering businesses, such as 11 many years as a main economic officer. Most recently, Weinswig served as CFO of Avinger, a commercial-stage medical product company. Formerly, he held economical leadership positions in the optical ingredient and laser business, including Emcore, Avanex and Coherent. He started his vocation in general public accounting at PricewaterhouseCoopers and worked at Morgan Stanley as an equity study analyst masking the optical market. Weinswig has held both equally Certified Public Accountant and Chartered Economic Analyst designations. He gained an MBA from Santa Clara University and a BS in Accounting from Indiana College.

Conference Connect with Details

Velodyne will host a 1st quarter 2022 success convention simply call and reside webcast for analysts and traders at 4:30 p.m. Japanese Time on May 5, 2022. Events in the United States and Canada can entry the get in touch with by dialing 844-890-1797. The webcast will be obtainable on Velodyne’s trader relations website at in this article. A telephonic replay of the meeting contact will be out there as a result of May 12, 2022. To accessibility the replay, parties in the United States and Canada must connect with 877-344-7529 and enter conference code 7274244.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technological know-how with the invention of genuine-time encompass perspective lidar sensors. Velodyne, the international chief in lidar, is identified for its broad portfolio of breakthrough lidar systems. Velodyne’s revolutionary sensor and program solutions provide overall flexibility, good quality, and functionality to meet up with the desires of a huge selection of industries, which includes autonomous motor vehicles, advanced driver aid methods (ADAS), robotics, unmanned aerial cars (UAV), wise towns and protection. By means of steady innovation, Velodyne strives to rework life and communities by advancing safer mobility for all. For much more details, go to www.velodynelidar.com.

Forward Hunting Statements

This press launch includes “ahead on the lookout statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 like, with out limitation, all statements other than historic fact and contain, with out limitation, statements concerning Velodyne’s focus on marketplaces, new products and solutions, enhancement attempts, and levels of competition. When utilised in this push release, the text “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “designs,” “intends,” “thinks,” “seeks,” “could,” “will,” “can,” “ought to,” “long term,” “suggest” and variants of these words and phrases or related expressions (or the negative variations of these kinds of terms or expressions) are meant to identify ahead-hunting statements. These ahead-hunting statements are not ensures of foreseeable future overall performance, situations or results and contain a selection of acknowledged and unknown dangers, uncertainties, assumptions and other important aspects, quite a few of which are outside the house Velodyne’s management, that could result in true success or results to differ materially from all those mentioned in the ahead-searching statements. Significant factors, among the some others, that could have an impact on real final results or outcomes incorporate uncertainties with regards to federal government regulation and adoption of lidar, the uncertain affect of the COVID-19 pandemic on Velodyne’s and its customers’ enterprises Velodyne’s means to deal with growth Velodyne’s capacity to execute its business enterprise strategy uncertainties similar to the potential of Velodyne’s clients to commercialize their solutions and the supreme market place acceptance of these solutions the amount and diploma of market acceptance of Velodyne’s items the accomplishment of other competing lidar and sensor-relevant products and solutions and services that exist or may possibly develop into accessible uncertainties connected to Velodyne’s existing litigation and likely litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual house and normal financial and market place disorders impacting need for Velodyne’s products and solutions and expert services. For much more information and facts about risks and uncertainties linked with Velodyne’s organization, make sure you refer to the “Management’s Dialogue and Assessment of Economical Problem and Outcomes of Operations” and “Risk Factors” sections of Velodyne’s SEC filings, like, but not restricted to, its once-a-year report on Kind 10-K and quarterly stories on Sort 10-Q. All ahead-wanting statements in this press launch are based mostly on details readily available to Velodyne as of the date hereof, Velodyne undertakes no obligation to update or revise any forward-seeking statements, whether as a end result of new info, foreseeable future occasions or normally, besides as essential by legislation.

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