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Self-driving tech startup Luminar taps CFO as it scales into production

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Luminar Technologies Inc., a prominent tech firm in Orlando, is staffing up key positions, including chief financial officer, as it prepares to begin shipping its self-driving sensor platform in the coming year.

The CFO hired by the Palo Alto-based company is Tom Fennimore, who was previously global head of automotive at both Goldman Sachs and at Jefferies Group LLC. Over the past 23 years he has managed IPOs, financings and M&A deals for the likes of Tesla Inc., Mobileye, GM, Fiat Chrysler and many others.

His hiring comes about a month after Luminar said it is partnering with Volvo Cars to bring self-driving capabilities to a new line of cars the automaker plans to introduce in 2022.

Click here to read Cromwell Schubarth and Alex Soderstrom’s story on the Orlando Business Journal’s website.