Luminar Shares Drop After CEO Resigns Following Probe

Dow Jones

05/15

By Dean Seal

Shares of Luminar Technologies fell after the company said its chief executive is out following an internal investigation.

The stock was down 16% at $3.99 in early trading. Shares have fallen 26% since the start of the year.

The maker of sensors and software used for safety and autonomous-driving features said after the bell Wednesday that Austin Russell has resigned as president and CEO.

The audit committee of the board of directors conducted a code of business conduct and ethics inquiry into Russell, the company said without giving further details.

Paul Ricci, former chief executive of Nuance, has been tapped to take over for Russell starting on or about May 21.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 15, 2025 10:18 ET (14:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares have fallen 26% since the start of the year. \n</p>\n<p>\n  The maker of sensors and software used for safety and autonomous-driving features said after the bell Wednesday that Austin Russell has resigned as president and CEO. \n</p>\n<p>\n  The audit committee of the board of directors conducted a code of business conduct and ethics inquiry into Russell, the company said without giving further details. \n</p>\n<p>\n  Paul Ricci, former chief executive of Nuance, has been tapped to take over for Russell starting on or about May 21. \n</p>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2025 10:18 ET (14:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LAZR","symbol_name":"Luminar Technologies, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535821066","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535821066","pubTimestamp":1747318680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Luminar Technologies fell after the company said its chief executive is out following an internal investigation.The stock was down 16% at $3.99 in early trading. Shares have fallen 26% since the start of the year.The maker of sensors and software used for safety and autonomous-driving features said after the bell Wednesday that Austin Russell has resigned as president and CEO.The audit committee of the board of directors conducted a code of business conduct and ethics inquiry into Russell, the company said without giving further details.Paul Ricci, former chief executive of Nuance, has been tapped to take over for Russell starting on or about May 21.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LAZR":"Luminar Technologies, Inc."},"translate_title":"首席执行官因调查辞职后Luminar股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAZR":1},"content_text":"By Dean Seal \n\n\n  Shares of Luminar Technologies fell after the company said its chief executive is out following an internal investigation. \n\n\n  The stock was down 16% at $3.99 in early trading. Shares have fallen 26% since the start of the year. \n\n\n  The maker of sensors and software used for safety and autonomous-driving features said after the bell Wednesday that Austin Russell has resigned as president and CEO. \n\n\n  The audit committee of the board of directors conducted a code of business conduct and ethics inquiry into Russell, the company said without giving further details. \n\n\n  Paul Ricci, former chief executive of Nuance, has been tapped to take over for Russell starting on or about May 21. \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2025 10:18 ET (14:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}