Valens Semiconductor (VLN) CEO to step down

Valens Semiconductor (NYSE: VLN) ("Valens"), a leader in high-performance connectivity, has announced that Gideon Ben Zvi will conclude his tenure as CEO by the end of 2025.

Mr. Ben Zvi's retirement follows the successful achievement of several key milestones within Valens. These include the commercial launch of the VA6320, the company's next-generation USB 3.0 extension chipset for AV and industrial customers, securing three design wins for Valens' MIPI A-PHY-compliant VA7000 chipsets in collaboration with major European car OEMs and strategic collaboration with Mobileye to facilitate advanced driving applications in vehicles starting in 2026. In addition to the above, Valens has recently announced a partnership with ESWIN to bring joint MIPI A-Phy offerings to the China market and has established a new Cross Industry Business (CIB) segment aimed at enhancing Valens' growth in both existing and new markets.

Gideon will continue leading the company until the end of 2025 or until a new CEO is appointed. He will continue to contribute to Valens as a board member.

"I am proud to have had the privilege of leading the exceptional team that has transformed Valens into a world-class leader in high-performance connectivity through continuous innovation and a commitment to excellence. I will step down with a profound sense of achievement and wish to express my gratitude to all our employees, customers, and stakeholders for our shared journey," stated Ben Zvi.

Dr. Peter Mertens, chairman of the board of Valens, remarked: "On behalf of the board of directors, I would like to extend our heartfelt thanks to Gideon for his significant contributions to the company over the past 5years as CEO. Under his leadership, Valens has established itself as a standard-setting and a thought-leader, expanded its global presence, and consistently demonstrated the technological superiority of its high performance chipsets. We are deeply appreciative of Gideon's vision, commitment, and dedication to Valens' success and look forward to his continued contribution through a successful transition and as a board member thereafter."

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