After 20 years and a huge exit: Eyal Waldman leaves Mellanox

After 20 years and a huge exit: Eyal Waldman leaves Mellanox
After 20 years and a huge exit: Eyal Waldman leaves Mellanox

Eyal Waldman, one of the founders of Mellanox and its dominant CEO for 20 years, leaves Anvidia about six months after the transaction is completed. Waldman announced his departure to employees shortly, and will leave as early as next weekend. $ 1 billion.In an interview in April, Waldman said: “I will continue for a period of time, maybe shorter and maybe longer. Jensen Huang, CEO of Anvidia, and I’m working on that. ” In the past, Huang have expressed hope that Waldman will continue to lead Mellanox.

Mellanox, which Waldman co-founded in 1999 with several partners, develops products that enable faster communication between servers. The announcement of the sale of the company to Anvidia was published as early as March 2019, but was completed only a year later. Waldman raised $ 240 million from the deal, in addition to a $ 40 million salary increase in the previous decade. In May-July, Mellanox’s first quarter at Anvidia, it recorded revenue of $ 540 million.

Last April, Waldman referred to the value at which the company was sold, against the background of its strong results in 2019. “I think in light of the results, if we had remained independent, the value of the company would have been higher.” Asked if there was a sense of failure, Waldman replied: “No. It has to be realistic. The deal was the right move.”

Mellanox has been traded on NASDAQ since 2007 when it was issued for $ 510 million. Towards the end of 2017, Mellanox began an activist fight on the part of the Starboard Foundation that demanded the replacement of its board members – and failed. Companies have expressed interest in acquiring Mellanox, including Intel, Microsoft and Anvidia.

Waldman expresses himself quite a bit on political issues, and among other things he works to promote the employment of Palestinian workers in the West Bank and Gaza by high-tech companies. In November 2019 he was among dozens of businessmen who signed a letter calling for the formation of a government that is not tainted by government corruption, and goes against what they defined as “incitement against government bodies”. He also spoke at a demonstration against the annexation of the Jordan Valley last June. “Unilateral annexation is not the way to build a common life in the region,” Waldman said. “Let us learn to live together, to talk, to strive for contact and peace consistently, so that we can get closer and make the best place for both peoples.”

Last week, Waldman was one of several businessmen who received criticism on Twitter from Yair Netanyahu, the prime minister’s son. Yair Netanyahu shared a photo that Waldman uploaded to social media from his visit to and wrote: “And this is Eyal Waldman, one of the financiers of the anarchists. He also spends time thanks to Netanyahu.”

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