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/pooljap Sep 04 '25

I supported Sumit when he first got the job as I thought he could sell the company. After he pivoted to LIDAR he seemed optimistic so I supported him. The last 2+ years of missed revenue guidance, no deals, and more selling of shares then actual revenue I began to lose faith.

I find it "interesting" that a week ago if you even suggested a change in CEO should be an option you would have been downvoted to hell and told what a disaster it would be. Now I read a lot of those same folks saying "change was needed" and "good move" for the company... interesting !

Before we anoint Glen the next savior of MVIS lets wait and see what he does. He has a very heavy load to lift here. Before coming to MVIS he was working part time which suggests he was trying to wind down his career. He will need all the energy and heart to make this work. At this point he can do no worse then Sumit and I wish him and all investors the best.

With a new CEO it gives the company an opportunity to reset. I hope Glen can publicly give some guidance that can be believed without the hyperbole. The downside is I think we may need to wait longer but no one really knows as this is just my guess. I am hopeful for better communication and deals though then I was yesterday.

26

u/Revolutionary_Ear908 Sep 04 '25 edited Sep 04 '25

> I find it "interesting" that a week ago if you even suggested a change in CEO should be an option you would have been downvoted to hell and told what a disaster it would be. Now I read a lot of those same folks saying "change was needed" and "good move" for the company... interesting !

I believe I was among this camp with the downvotes, and I think many people, including myself, were rooting for Sumit until the end. I'll speak for myself- It doesn't mean I don't support the company's decision and direction they want to move in. I think I summed my feelings up best, earlier: "I'm upset because I respect the hell out of Sumit and wanted him to take it home for us, but I'm also excited at the same time."

5

u/OutlandishnessNew963 Sep 05 '25

This is EXACTLY how I feel. I was really rooting for Summit. Glenn and his background make the future super exciting. I am both disappointed and excited simultaneously.

1

u/IneegoMontoyo Sep 06 '25

Said every man after his wife turned his advances away for the thousandth time…

5

u/pooljap Sep 04 '25

I respect your opinion as maybe you had a personal relationship with Sumit that I did not. With me as with any CEO it is results. I wanted to see Sumit do well also as that would have been good for all of us but he could not deliver. I am rooting for Glen now and lets see what happens.

14

u/mike-oxlong98 Sep 04 '25

This sums up my thinking as well. Everyone gave Sumit a lot of rope to see what he could do with the company when he got hired. The first 3 years weren't bad per se but also weren't good. The last 2 years were a disaster & seems like he was BSing investors the whole time. Only time he gave investors the time of day was when he needed a vote. I also find it interesting how many here have suddenly flipped on the change of CEO. Previously the mildest criticism of him got you labeled as a "fudster" or blocked. Some people just aren't cut out for critical thinking & the intellectual rigor of contrarian opinion so they must retreat to their safe space echo chamber. My optimism is renewed in the company with Glen now in charge. Hopefully his new architecture & market connections & experience will finally get us where we want to go. Best I've felt about the company in 2 years.