News

14 July 2009

 

Bridgelux recruits ex-Lumileds chief financial officer

Bridgelux Inc of Sunnyvale, CA, USA has recruited Neil Bostock as chief financial officer, responsible for managing all finance and administrative functions and reporting directly to CEO Mark Swoboda.

Bridgelux designs and makes power LED chips based on ITO/InGaN (indium tin oxide/indium gallium nitride), and this year expanded into solid-state lighting products.

“Neil brings deep LED industry experience and the vision to help grow Bridgelux into a world-class solid-state lighting company,” says Swoboda. “Since expanding our product portfolio this year to include solid-state light sources incorporating LED technology, we face the challenge of growing our resources and global infrastructure to support expanding market demand in fast-growing interior and exterior application areas such as street lights, track and downlights,” he adds. “Neil is uniquely qualified to help us manage through the high-growth changes.”

Bostock has more than 35 years’ experience in finance and 19 years of experience with LED and semiconductor manufacturing. Prior to joining Bridgelux, Bostock served as CFO at Philips Lumileds, joining in 1999 when it was a newly constituted joint venture between Philips and Hewlett Packard/Agilent. He helped to build its infrastructure and identity as an independent company and transition the organization from steep losses to profitability. Bostock continued at Philips Lumileds through the acquisition of the joint venture by Philips, remaining until the end of 2008.

From 1994 to 1999, Bostock served as business group controller for Philips Semiconductor’s Multi Market business group (in Sunnyvale), which grew to annual revenues of about $1bn (with worldwide markets and wafer fabs in North America, Europe and Asia). Previously, he worked as business group controller at Philips Semiconductors' Power Division in Hazel Grove, UK, responsible for the worldwide activities of the $200m business unit (with a wafer fab in the UK and assembly in the Philippines). Between 1970 and 1989, Bostock served in senior finance positions at several electronics and engineering companies.

See related item:

Bridgelux offers range of design and support services with launch of Lighting Services Group

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