Billionaire founder of Luminar replaced as CEO following ethics inquiry

TechCrunch
By Kirsten KorosecMay 14, 2025, 7:14 pm390 ptsTrending
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…

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