Mobileye Global Inc. CEO to Step Down; Board Search Underway

What Happened
Mobileye filed an 8-K reporting that on July 18, 2026 Prof. Amnon Shashua informed the Board of his intention to step down as President and Chief Executive Officer upon the appointment of his successor. The Board has initiated a search for a successor. Upon the effectiveness of his resignation, the Board has offered Prof. Shashua the role of Chair of the Board. A press release about the announcement was issued on July 23, 2026 (Exhibit 99.1).

Key Details

• Date of notification to Board: July 18, 2026.
• Press release issued: July 23, 2026 (attached as Exhibit 99.1).
• Transition terms: Shashua will resign as CEO only upon appointment of a successor; the Board has offered him the Chair role.
• Compensation/governance: No modifications to Shashua’s compensation arrangements have been made at the time of the filing; he intends to remain a Board member.
• Company statement: Resignation not due to any disagreement with the Board on matters related to the Company’s operations, policies or practices.

Why It Matters
This is a material leadership transition: the company’s CEO has announced his intent to step down, and the Board has begun a search for a successor. Investors should watch for updates on the successor appointment, any changes in executive compensation or governance, and related disclosures that could affect strategy or management continuity. The filing also notes continuity signals—an offered Chair position and Shashua’s intention to remain on the Board—which may reduce near-term disruption.