Billionaire founder of Luminar replaced as CEO following ethics inquiry | TechCrunch
Austin Russell, who became a billionaire after his lidar startup Luminar went public, appears to be out as CEO, according to the company’s board.
Luminar’s board announced Wednesday — the same day of its first-quarter earnings report — it had replaced Russell and appointed Paul Ricci to the role. Ricci is the former chairman and CEO of Nuance.
The press release states that Russell resigned as president and CEO and as the chairperson of the board, effective immediately. The board said in the pres...
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