TSLA - LeddarTech Appoints Chris Stewart as Chief Financial Officer | Benzinga
QUEBEC CITY, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) -- LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, proudly announces the appointment of Mr. Chris Stewart as Chief Financial Officer ("CFO").
As CFO at LeddarTech, Mr. Stewart will be instrumental in supporting LeddarTech in completing its recently announced business combination with Prospector Capital Corp. and transitioning to a publicly traded company.
Mr. Stewart has over 20 years of financial management experience at companies ranging from startups to large public companies. Mr. Stewart previously served as the Chief Financial Officer of Bionano Genomics Inc. (NASDAQ:BNGO) from September 2020 until joining LeddarTech in November 2023, Head of Maxwell Ultracapacitors at Tesla Inc. (NASDAQ:TSLA) from May 2019 to July 2020 and as Vice President of Finance and Information Technology at Maxwell Technologies Inc., a public energy storage company, from July 2015 to May 2019, at which time the company was acquired by Tesla. In addition, Mr. Stewart held multiple leadership roles, including Vice President of Finance at Entropic Communications and Chief Financial Officer of V-ENABLE Inc. (currently GroundTruth), a leader in targeted mobile advertising.
Mr. Stewart received his B.S. in Business Administration from the University of Southern California and his M.S. in Industrial Administration from Carnegie Mellon University.
"I am thrilled to join such a visionary company and work alongside LeddarTech's employees at such an exciting time," stated Mr. Stewart. "I eagerly anticipate forging formidable alliances at all levels, including with LeddarTech's shareholders and its board of directors and leadership team, and support LeddarTech as it works toward completing its business combination and operating as a publicly traded company. I am extremely energized by LeddarTech's accomplishments and look forward to helping it realize all of its potential."
Mr. Charles Boulanger, CEO of LeddarTech, commented: "I am very pleased that Chris has joined the executive team of LeddarTech as Chief Financial Officer. As an accomplished financial executive with extensive experience in leading and optimizing the financial operations of various organizations, Chris has a strong track record of managing and transforming financial functions to drive profitability and growth. Chris's skill set perfectly aligns with LeddarTech's strategic goals."
LeddarTech Inc. ("LeddarTech") and Prospector Capital Corp. ("Prospector") (NASDAQ:PRSR, PRSRU, PRSRW)), a Cayman Islands exempted company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, are party to a definitive business combination agreement that, upon completion of the business combination, would result in LeddarTech becoming a publicly listed company. Upon closing of the transaction, which is expected during the fourth quarter of 2023, the combined company formed through the business combination, LeddarTech Holdings Inc. ("Newco"), is expected to be listed on NASDAQ under the ticker symbol "LDTC."
About LeddarTech
A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech's automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.
LeddarTech is responsible for several remote-sensing innovations, with over 150 patent ...