Luminar founder Austin Russell resigns as CEO after ethics inquiry; Paul Ricci appointed

Luminar Technologies, Inc./DE

Austin Russell resigned as President, CEO, and Board Chair after an Audit Committee ethics inquiry; remains on the Board.
Board appointed Paul Ricci as CEO effective May 21, 2025; he was Nuance Chairman/CEO for nearly 20 years.
Company states the ethics matter does not impact any financial results.
CFO Thomas Fennimore will serve as interim principal executive officer until Ricci's start date.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change (interim)

Thomas J. Fennimore

Interim Principal Executive Officer

Luminar Technologies, Inc./DE

Effective: 2025-05-14
Filed: May 15, 2025, 7:59 PM ET

Board appointed Thomas J. Fennimore, the Company’s Chief Financial Officer, to serve as interim principal executive officer until Mr. Ricci’s Start Date.

Appointed

Paul Ricci

Chief Executive Officer

Luminar Technologies, Inc./DE

Effective: 2025-05-21
Filed: May 15, 2025, 7:59 PM ET

Board appointed Paul Ricci as the Company’s Chief Executive Officer, effective on or about May 21, 2025.

Departed

Austin Russell

President, Chief Executive Officer and Chairperson of the Board

Luminar Technologies, Inc./DE

Effective: 2025-05-14
Successor: Paul Ricci
Filed: May 15, 2025, 7:59 PM ET

Austin Russell resigned as President and Chief Executive Officer of the Company and as Chairperson of the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas J. Fennimore was appointed as Interim Principal Executive Officer at Luminar Technologies, Inc./DE.

Action: appointed
Role: Interim Principal Executive Officer

Exact text from the filing

Board appointed Thomas J. Fennimore, the Company’s Chief Financial Officer, to serve as interim principal executive officer until Mr. Ricci’s Start Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Ricci was appointed as Chief Executive Officer at Luminar Technologies, Inc./DE.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Board appointed Paul Ricci as the Company’s Chief Executive Officer, effective on or about May 21, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Austin Russell resigned as President, Chief Executive Officer and Chairperson of the Board at Luminar Technologies, Inc./DE.

Action: resigned
Role: President, Chief Executive Officer and Chairperson of the Board

Exact text from the filing

Austin Russell resigned as President and Chief Executive Officer of the Company and as Chairperson of the Board, effective immediately.

View on SEC.gov

Source: SEC EDGAR

accession 0001628280-25-025599

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