Autonomous vehicle sensor technology company Neural Propulsion Systems (NPS) has announced that former chairman and CEO at GM, Rick Wagoner, has joined the NPS team as investor and board observer, providing strategic guidance as NPS develops next-generation advanced driver assistance systems and autonomous driving technology. Among the company’s offerings is the NPS AtomicSense platform. Wagoner served as GM chairman and CEO between 2000 and 2009.
“I am very impressed with the NPS founding team and technology,” Wagoner said. “NPS has developed an extremely innovative approach based on new mathematics to redefine and dramatically improve radar, which is a critical technology for future improvements in the auto and defense industry, among others.”
Wagoner joins fellow board observers Marwan Fawaz, former CEO of Nest, and Kevin Reid, a founding partner of the Blue Lagoon Companies. Wagoner will also work with the board of directors, which includes Behrooz Rezvani, Bobby Yazdani, Elizabeth Cross, and John Marren.
Wagoner began his 32-year career at GM began as an analyst in the treasurer’s office, a position he took after graduating from Harvard. In 1981, Wagoner became treasurer of GM’s Brazil subsidiary before serving as managing director. Wagoner was named GM CFO in 1992, and later executive vice president and/or president of North American Operations in 1994. In 1998, he was named president and COO, eventually serving as GM chairman and CEO between 2000 and 2009.
After GM, Wagoner was appointed director at EV charging station company ChargePoint Inc. in 2017. In 2018, Wagoner invested into YourMechanic, a startup that connects users with certified mechanics.
Meanwhile, NPS was founded in 2018 and develops digital imaging radar technology that leverages patented radar algorithms running on graphical processor units. The company’s NPS AtomicSense technology uses these technologies to enable vehicle operators to accurately sense complex road environments, as well as provides a pathway for the development of new advanced driver assist systems and autonomous driving systems.