Monday, April 06, 2020

Quanergy Changes CEO, Raises More Money

BusinessWire: Quanergy appoints Kevin J. Kennedy as the company’s new CEO and secures an new funding round. Kennedy keeps serving as a senior managing director of Blue Ridge Partners, one of the Quanergy investors. "While many LiDAR companies are focused on building LiDAR solely for transportation purposes, since its inception, Quanergy has emphasized the development of its technology for multiple industries,” says Kennedy. “With this new capital, we are deepening our investment in our team and our technology and are positioned to prove the value of LiDAR for broader market applications."

BusinessWire: Louay Eldada has stepped down from his positions as Quanergy CEO and board member, effective January 13, 2020. His new role in the company is defined as "Senior Evangelist."

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