LeddarTech Announces Appointments of Derek Aberle and Nick Stone to its Board of Directors

Derek Aberle is the former president of Qualcomm and Nick Stone is the former vice president of TPG Capital. They are both business leaders with extensive experience in technology, driving growth and capital markets.

Quebec City LeddarCar

QUEBEC CITY, March 09, 2022 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce today the appointments of Derek Aberle and Nick Stone to its Board of Directors.

Mr. Derek Aberle is an experienced executive with several large global technology companies and the investment community. Mr. Aberle spent 17 years at Qualcomm Incorporated, a global leader in mobile and related technologies and products, in various executive positions. From 2014 to 2018, he served as President of Qualcomm, responsible for all business units, including licensing and semiconductor businesses, its marketing organization and numerous regional offices around the world. Prior to that, he served as Executive Vice President and Group President of the Company and Executive Vice President and President of Qualcomm Technology Licensing. For more than a decade, he has been a member of Qualcomm's Executive Committee, helping to drive the company's overall strategy. Mr. Aberle has led many of Qualcomm's global growth initiatives, including markets beyond smartphones and its expansion in China. He also led Qualcomm's technology and intellectual property licensing business, achieving a period of significant growth and profitability, establishing 4G and 5G licensing programs, and structuring and negotiating Qualcomm's major licensing and other strategic agreements. After leaving Qualcomm, Mr. Aberle co-founded XCOM Labs, a company focused on developing and commercializing advanced wireless technologies, with a partner, and currently serves as the company's Executive Vice President. He also serves as CEO of special purpose acquisition company Prospector Capital Corp.

Mr. Aberle holds a BA in Business Economics from the University of California, Santa Barbara and a JD from the University of San Diego School of Law. He serves on the boards of XCOM Labs, Envision Capital, Jaws Juggernaut Acquisition Corp., the Southern California Innovation Alliance, and EvoNexus (a Southern California incubator).

Nick Stone has over 20 years of experience in the investment industry and has been working with FS Investors since 2010. He was previously Vice President of TPG Capital, one of the world's largest private equity funds, and was also an investment professional at Kohlberg Kravis Roberts Co. and Morgan Stanley. As a result, Mr. Stone has extensive knowledge in finance, global markets, and high-level investments. During his illustrious career, he has participated in equity capital investments totaling $20 billion and approximately $2.5 billion.

Mr. Stone is a graduate of Harvard University, an Arjay Miller Scholar at Stanford Business School, and currently lives in La Jolla, California.

“I am very proud to welcome Derek and Nick to our Board,” said Mr. Michel Brûlé, Chairman of the Board of Directors of LeddarTech. “Our Board is comprised of highly skilled and experienced leaders representing a diverse range of industries and expertise, including former senior managers and CEOs from companies such as Bosch, Texas Instruments, NXP, Tata Motors, GM, Faurecia, Geely, BMW, and the Business Development Bank of Canada.” Mr. Brûlé continued, “Derek and Nick’s extensive experience in technology, global markets, and finance will further enhance the expertise of the Board and strengthen our ability to accelerate LeddarTech’s growth and success.”

Mr. Charles Boulanger, CEO of LeddarTech, stated, “We are honored to welcome Derek and Nick to our Board of Directors. There is no doubt that Derek’s executive background in the technology industry, particularly in driving global strategy, international market expertise, artificial intelligence and wireless technologies, and Nick’s decades of experience in the financial markets leading key investments across a wide range of industries and geographies will enhance our company’s leadership position. Having such accomplished and well-respected individuals join our Board of Directors will only strengthen our ability to achieve our ambitious strategic goals.”