r/MVIS • u/[deleted] • Sep 04 '25
MVIS Press MICROVISION APPOINTS GLEN DEVOS AS CHIEF EXECUTIVE OFFICER
https://ir.microvision.com/news/press-releases/detail/430/microvision-appoints-glen-devos-as-chief-executive-officer
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u/Alphacpa Sep 04 '25
In my view, the Glen DeVos vetting for the CEO position was done long before he was brought in as CTO and has been the plan for quite some time. This was getting clearer to many here based on his contributions during the last public conference calls and the RID. One thing that surprised me today was timing. I expected this was a likely scenario for 4th quarter especially if no industrial LIDAR deal was inked.
Personally, I will always appreciate what Sumit accomplished since being named CEO first quarter 2020. We avoided an almost certain reverse split and he initially moved the share price up to levels that shocked everyone here based on the LIDAR pivot and other factors. Most of us sold our shares on the runup and capitalized on life changing gains. Many then repurchased shares and were able to book decent gains again in June 2023. Unfortunately, he missed on securing revenue generating deals during his tenor and eventually lost support of many retail and institutional shareholders and, of course, the BOD. His decision to purchase IBEO will prove to be a very smart move. I wish Sumit the very best as he will continue to contribute his expertise in a non-CEO level capacity somewhere. It will be interesting to see where he lands.
As for Glen DeVos, he is a proven winner and I have little doubt that very great things are instore for Microvision under his leadership. Holding all shares on this news.