Velodyne Lidar appoints Hamid Zarringhalam to its Board of Directors

– USA, CA – Velodyne Lidar, Inc. (NASDAQ: VLDR/VLDRW) today announced the appointment of Hamid Zarringhalam, Corporate VP of Nikon Corporation to the Board of Directors, effective immediately. Hamid has served as an observer on the Board of Directors since September 2018.

Hamid Zarringhalam brings to Velodyne Lidar nearly 35 years of experience in technology, operations, and business development. He is a highly qualified Board member, having served in a Board capacity for several companies in the Nikon investment portfolio, advising in particular on digital strategy and new market expansion.

“We are pleased to welcome Hamid to our board and deepen our relationship with Nikon, one of our key investors since 2018 and a valued manufacturing partner,” said Board chairman, Dr. Joseph Culkin. “Hamid has an impressive track record of creating customized strategies that transform businesses, penetrating highly competitive markets and enhancing value on a global scale. Hamid is already very familiar with our company and team, and we look forward to continuing to benefit from his expertise as we advance our growth trajectory in the lidar market and drive value.”

About Hamid Zarringhalam

Mr. Zarringhalam is Corporate VP of Nikon Corporation. In this capacity, he is simultaneously CEO of Nikon Ventures Corporation, Co-General Manager of the Digital Solutions Business Unit in Nikon Corporation, and EVP of Nikon Precision Inc. Nikon Ventures Corporation is responsible for the external investments, strategic alliances, and private equity strategy of Nikon Corporation. The Digital Solutions Business Unit is responsible for leveraging Nikon’s core competencies to enable and scale growth in new markets. As EVP of Nikon Precision, he is responsible for Nikon’s strategic partnership activities in Semiconductor Lithography in the United States. Mr. Zarringhalam joined Nikon in 1987, and in his tenure with Nikon, he has served in various senior management capacities in technology, operations, business development, and other corporate groups, including serving as President of Nikon Precision Europe.

He currently serves on the Board of wrnch, a Canadian Computer Vision technology company. He has also served in a Board capacity for several companies in the Nikon investment portfolio.

Mr. Zarringhalam has a Bachelor of Science in Finance and a Master in Business Administration, both from the University of San Francisco.

About Velodyne Lidar

Velodyne Lidar ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors. Velodyne is the global leader in Lidar and is known worldwide for its broad portfolio of breakthrough lidar technologies. Velodyne’s revolutionary sensor and software solutions provide flexibility, quality, and performance to meet the needs of a wide range of industries, including autonomous vehicles, advanced driver assistance systems, robotics, unmanned aerial vehicles, smart cities, and security. Through continuous innovation, Velodyne strives to transform lives and communities by advancing safer mobility for all.

For more information:

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.