Velodyne Lidar Appoints Mark Weinswig as Chief Financial..
Velodyne Lidar Appoints Mark Weinswig as Chief Financial Officer
SAN JOSE, Calif.–(BUSINESS WIRE)–May 5, 2022– Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced the appointment of Mark Weinswig as Chief Financial Officer, effective May 16, 2022. He will report directly to CEO Dr. Ted Tewksbury and succeeds Drew Hamer, who will transition out of Velodyne to spend time with his family in advance of pursuing career opportunities later this year.
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Velodyne CFO Mark Weinswig (Photo: Business Wire)
Weinswig is a seasoned public company CFO with more than 25 years of strategic and operational experience in technology companies including scaling businesses, streamlining cost structures, and conducting mergers and acquisitions. In addition to leading the finance and corporate development teams, Weinswig will work with leadership on strategic planning, gross margin improvements and driving operational excellence.
“Mark is an outstanding addition to our executive team as we amplify our focus on profitable revenue growth,” said Tewksbury. “His skills and experience in the optical industry during a period of transformative change are directly relevant to the lidar industry today. Mark will help us continue to scale the company and improve profitability, while delivering full stack intelligent vision solutions that facilitate our customers’ development of autonomous systems.”
“Drew helped position Velodyne for its next stage of growth by ensuring an ongoing strong financial position. He has been an invaluable partner to the board and executive team. We thank him for his many contributions to Velodyne and wish him the very best with his future endeavors,” added Tewksbury.
Weinswig said, “Ted’s vision and track record of leading commercially successful technology innovation, combined with Velodyne’s significant market opportunity and leading lidar solutions, were key drivers for me in joining Velodyne. I look forward to working closely with the exceptional management team as we continue to execute on the significant growth opportunities that lie ahead.”
About Mark Weinswig
Mark Weinswig has more than 25 years of experience in financial leadership positions in private and publicly traded technology companies, including 11 years as a chief financial officer. Most recently, Weinswig served as CFO of Avinger, a commercial-stage medical device company. Previously, he held financial leadership positions in the optical component and laser industry, including Emcore, Avanex and Coherent. He began his career in public accounting at PricewaterhouseCoopers and worked at Morgan Stanley as an equity research analyst covering the optical industry. Weinswig has held both Certified Public Accountant and Chartered Financial Analyst designations. He received an MBA from Santa Clara University and a BS in Accounting from Indiana University.
Conference Call Information
Velodyne will host a first quarter 2022 results conference call and live webcast for analysts and investors at 4:30 p.m. Eastern Time on May 5, 2022. Parties in the United States and Canada can access the call by dialing 844-890-1797. The webcast will be accessible on Velodyne’s investor relations website at here. A telephonic replay of the conference call will be available through May 12, 2022. To access the replay, parties in the United States and Canada should call 877-344-7529 and enter conference code 7274244.
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