AEye names T.R. Ramachandran COO, says CEO LaCorte to resign

AEye announced the promotion of Dr. T.R. Ramachandran to the position of chief operating officer for the company. Ramachandran joined AEye in November 2021 as chief product officer. "Over the past year, T.R. has demonstrated an ability to move the company from the prototype stage to product commercialization," said Blair LaCorte, CEO of AEye. "T.R. has an innate ability and the experience to address and solve all of the issues associated with bringing a complex product to market." The company also announced today that Blair LaCorte, the CEO of AEye, has decided to transition to a more focused role for the company and informed the board of directors he will be resigning as CEO effective as of February 28, 2023. LaCorte will remain on the company’s board of directors and concentrate on ensuring continuity in leadership and working to form new and enhance existing strategic partnerships between the company and its stakeholders. The company has launched a search for a successor to fill the role of CEO. Both internal and external candidates are under consideration. The search will be led by Timothy J. Dunn, the chair of the company’s audit and compensation committees, and assisted by members of management, including Dussan and Greene.