Velodyne Lidar, Inc. announced that Virginia Boulet was appointed the Chairperson of the Board of Directors, effective immediately. Michael Dee, the former Chairperson of the Board informed the Board of his intent to transition out of the Chairperson role. He will continue to serve as a member of the Board.

Ms. Boulet has served as a member of Velodyne's Board since November 2021. She is a corporate governance leader with more than 30 years of experience in corporate and securities law. Mr. Dee joined the Velodyne Board in September 2020 and has served as its Chairperson since July 2021.

The Board wishes to thank him for his extraordinary time commitment and efforts during his time as Chairperson.