Marta Corridor steps down from sensor maker Velodyne’s board

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April 21 (Reuters) – Sensor maker Velodyne Lidar Inc (VLDR.O) mentioned on Thursday that Marta Corridor, the spouse of founder David Corridor, had resigned from its board weeks after the couple bought greater than two-thirds in their stake within the corporate.

Velodyne had closing 12 months got rid of David Corridor as chairman and Marta as advertising leader for loss of honesty – a fee Marta mentioned the couple was once now not allowed to rebut in a board assembly she described as an “ambush”. David stepped down from the corporate’s board a couple of days after the assembly. (https://reut.rs/37wevZo)

The couple in March slashed their stake within the corporate to ten.1% from 42.9%. learn extra

“Ms. Corridor and her husband have many times criticized the Board and control and voiced her considerations about her substantial variations of opinion with positive board participants and control,” Velodyne Lidar mentioned in a submitting on Thursday.

The corporate is one of the a number of vying to provide automakers with lidar – a sensor that generates a 3-dimensional map of the street forward.

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Reporting via Tiyashi Datta in Bengaluru; Modifying via Aditya Soni

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