Sep 20, 2018

Exclusive: uBeam CEO Meredith Perry steps down

Meredith Perry. Photo by Imeh Akpanudosen/Getty Images

Meredith Perry has stepped down as CEO of uBeam, the controversial wireless charging startup she founded in 2011, Axios has learned.

What happened: uBeam wants to commercialize its technology via licenses to embed it in third-party products, and Perry felt she wasn't the right person for that task.

  • Employees were notified earlier today, and a public statement is expected.
  • Perry will remain a "senior advisor" to the company and on its board of directors. She also will aid in the search for a permanent CEO. On an interim basis, the company will be led by finance and HR head Jacqueline McCauley, who has been with uBeam since April 2016.

uBeam has raised around $40 million in venture capital funding from Founders Fund, Andreessen Horowitz and Upfront Ventures.

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