Billionaire founder of Luminar replaced as CEO following ethics inquiry

Luminar Stock Is Getting Crushed After Founder's Abrupt Exit @themotleyfool #stocks $LAZR

Luminar's charismatic founder, Austin Russell, left the company last night after an internal investigation. Shares are reeling.

Billionaire founder of Luminar replaced as CEO following ethics inquiry

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 […]

Austin Russell, the founder and CEO of lidar manufacturer Luminar, resigns following an ethics inquiry and is replaced by former Nuance CEO Paul Ricci

Kirsten Korosec / TechCrunch: Austin Russell, the founder and CEO of lidar manufacturer Luminar, resigns following an ethics inquiry and is replaced by former Nuance CEO Paul Ricci  —  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 Announces Leadership Transition

Paul Ricci Appointed CEO ORLANDO, Fla.–(BUSINESS WIRE)–Luminar Technologies, Inc. (Nasdaq: LAZR), a leading global automotive technology company, today announced that the Luminar Board of Directors (the “Board”) has appointed Paul Ricci to the role of CEO effective on or about May 21, 2025. Mr. Ricci previously served as Chairman and CEO of Nuance for nearly two decades. Mr. Ricci’s appointment follows the resignation of founder Austin Russell a…