Autonomous vehicle sensor and software company Luminar has announced an expansion of its leadership team, as it begins scaling its technology into series production, starting with Volvo in 2022. The firm also plans to begin shipping its Iris sensing and perception platform within the year.
Luminar has appointed Tom Fennimore, previously Global Head of Automotive for Goldman Sachs and most recently at Jefferies Group, LLC, as its new Chief Financial Officer. Over the last 25 years, Fennimore has led many of the industry’s most significant and successful financial endeavours, including Tesla and Mobileye’s IPOs.
Matthew Simoncini, the former President, CEO and Director at Lear Corporation, has also joined Luminar’s Board of Directors.
In addition, two former ADAS executives from ZF Group, Marc Losewitz and Aaron Jefferson, will join the company as Vice President of Automotive Business Development and Vice President of Product, respectively. Losewitz led the global Active and Passive Safety product lines with direct responsibility for building and maintaining over a $1B P&L, while Jefferson led the cross-functional global Product Management organisation with a focus on ADAS and related products.
Another executive joining the company’s automotive business team is Jason Rudd, who previously worked for 11 years as Senior Director OEM and Tier 1 Sales at Mobileye. Rudd is tasked with driving Luminar’s European business presence and programmes.
Austin Russell, Founder and CEO of Luminar Technologies, said: “We’ve been rapidly evolving from a tech development company working with R&D programs to now the first company enabling autonomy in automotive series production.
“This enables us to attract the top leaders across the industry as we establish a greater presence in automotive and focus on rapid execution and scale.”