Velodyne Lidar CEO to step down, shares drop


FILE PHOTO: A Velodyne Lidar unit is seen on Camello, an autonomous grocery delivery robot, in Singapore April 6, 2021. REUTERS/Edgar Su

(Reuters) - Sensor maker Velodyne Lidar Inc said on Monday Chief Executive Officer Anand Gopalan would step down at the end of July, a little over a year after taking the role, sending its shares down nearly 6%.

San Jose, California-based Velodyne will be led by a team consisting of several members of the senior leadership while it searches for a successor, it said.

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