AEye, Inc. announced that Blair LaCorte, the CEO of the company, 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. To ensure a smooth leadership transition, LaCorte has formed the Office of the Chief Executive Officer, which he will chair through the end of February.

In addition to LaCorte, members of the Office of the Chief Executive Officer will be Robert A. Brown, the company's chief financial officer, Andrew S. Hughes, the company's general counsel, and T.R. Ramachandran, the company's chief operating officer.