BEIJING – Padmasree Warrior, former chief technology and strategy officer at Cisco Systems Inc., has been appointed CEO of U.S. subsidiary and head of global software development of NextEV Inc., according to a NextEV news release on December 16.
Warrior will be based in California and oversee the global development of software for the company’s cars as well as some vehicle development.
In her previous position at Cisco, she was responsible for activities that include mergers and acquisitions, venture investments and strategic partnerships. Prior to that, she also held numerous other positions including chief technology officer at Motorola Inc. for 23 years, board of directors of Microsoft Corp. and director of file-sharing company Box Inc. in 2014.
Warrior said: “Climate change and air pollution are the harsh challenges faced by the entire world. I believe that the popularity of the electric vehicles is one of the keys to solve this problem. By means of the integration of the advanced Internet technology, NextEV will be able to provide smart electric vehicles with high functionality and optimal experience to the consumers.”
Martin Leach, president of NextEV, said: “The automotive industry is undergoing unprecedented changes. The combination of smart EV and Internet technology will be the future trend and software technology will play a key role. Rich experimental experience and industry insights of Warrior will help us to develop the next generation smart EV with high functionality and create the best driving experience for consumers in the Internet age.”
According to NextEV, it has raised $500 million and hopes to attract total funding of $1 billion. The investors include Tencent Holdings Ltd., Hillhouse Capital, a China-based arm of venture- capital firm Sequoia Capital and some Internet entrepreneurs.