Velodyne Lidar Announces the Appointment of Virginia Boulet, Corporate Governance Expert, to the Board of Directors | Business


SAN JOSE, Calif .– (BUSINESS WIRE) – November 1, 2021–

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), today announced that its board of directors has appointed Virginia Boulet as an expert in corporate governance. Ms. Boulet has been appointed to the board as a Class II director and is expected to join on November 4, 2021.

Ms. Boulet is currently Independent Lead Director, Chair of the Nominating and Corporate Governance Committee and a member of the Compensation and Audit Committees of W&T Offshore, Inc. Ms. Boulet is a leader in corporate governance with over 30 years. years of experience. in corporate and securities law at the three largest firms in New Orleans. She is also a highly qualified director, having served on the board of directors of Lumen Technologies, Inc. from the days when Lumen had less than a billion dollars in annual revenues until the growth of this company to a global company with over $ 20 billion in annual revenue. Ms. Boulet has been appointed to the Compensation, Nomination and Governance Committees of the Board of Directors of Velodyne.

“I am delighted to welcome Virginia as we continue to build on our strong, diverse and experienced board of directors,” said Michael Dee, Chairman of the Board of Velodyne Lidar. “Virginia brings a unique experience of exemplary leadership in the field of corporate governance. His energy and integrity will serve Velodyne shareholders well and we look forward to benefiting from his contributions.

Velodyne also announced today that Dr. Joseph B. “Brad” Culkin has decided to step down as a director of the Company, effective immediately.

Mr. Dee continued, “The Board of Directors and I would like to express our deep and sincere appreciation for the wise and tireless leadership of Brad of Velodyne Lidar over the past 38 years. As co-founder, board member and chairman, Brad’s deep technical expertise has helped make this company the leader in the lidar market, and his friendship and guidance will be missed by all. Brad remains one of Velodyne’s biggest supporters as we continue to execute on our strategic growth plan and drive long-term value.

Dr Culkin said, “Serving alongside the smart and dedicated directors of Velodyne has been one of the most rewarding experiences of my life. I will miss working with them very much and I have no doubts that I am leaving the company in very capable hands.

About Virginie Boulet

Ms. Boulet was Managing Director of Legacy Capital, LLC from April 2014 to 2019. From 2014 to 2018, she was Assistant Professor of Law at Loyola University Law School. From 2002 to March 2014, Ms. Boulet was Special Advisor at the law firm Adams and Reese, LLP. She was also President and Chief Operating Officer of IMDiversity, Inc. from March 2002 to March 2004. Prior to 2002, Ms. Boulet was a partner in the law firms of Phelps Dunbar, LLP and Jones Walker. Ms. Boulet holds a BA from Yale University and a JD, cum laude, from Tulane University.

About Velodyne Lidar

Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time panoramic view lidar sensors. Velodyne, the global leader in lidar, is known for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems (ADAS), robotics, unmanned aerial vehicles (UAVs), smart cities and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all. For more information, visit www.velodynelidar.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, all statements other than historical fact and includes, but is not limited to, statements regarding target markets, new products, development efforts and competition. When used in this press release, the words “estimates”, “anticipate”, “expect”, “anticipate”, “anticipate”, “plan”, “intend”, “believe” “,” Search “,” may “,” “will”, “may”, “should”, “future”, “propose” and variations of these similar words or phrases (or negative versions of these words or phrases) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other material factors, many of which are beyond the control of Velodyne. , which could lead to different results or actual results. substantially from those discussed in forward-looking statements. Significant factors, among others, that may affect actual results include uncertainties regarding government regulations and adoption of lidar, the uncertain impact of the COVID-19 pandemic on the business of Velodyne and its customers; Velodyne’s ability to manage growth; Velodyne’s ability to execute its business plan; uncertainties related to the ability of Velodyne’s customers to market their products and the ultimate market acceptance of those products; the rate and degree of market acceptance of Velodyne’s products; the success of other competing products and services related to lidar and sensors that exist or may become available; uncertainties relating to Velodyne’s current litigation and potential litigation involving Velodyne or the validity or enforceability of Velodyne’s intellectual property; and general economic and market conditions affecting demand for Velodyne’s products and services. For more information on the risks and uncertainties associated with Velodyne’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Velodyne’s filings with the SEC , including, but not limited to, its annual report. on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements contained in this press release are based on information available to Velodyne as of the date hereof, Velodyne assumes no obligation to update or revise any forward-looking statements, whether as a result of new information. , future events or otherwise, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211101005892/en/

CONTACT: Investor Relations

[email protected] Media

Jim Golden / Jack Kelleher / Lyle Weston

Joële Frank, Wilkinson Brimmer Katcher

212-355-4449

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: AFTERMARKET TECHNOLOGY SEMICONDUCTOR AUTOMOBILE GENERAL AUTOMOTIVE OTHER AUTOMOTIVE SOFTWARE INTERNET HARDWARE

SOURCE: Velodyne Lidar, Inc.

Copyright Business Wire 2021.

PUB: 01/11/2021 16:05 / DISC: 01/11/2021 16:06

http://www.businesswire.com/news/home/20211101005892/en


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