1 February 2017

Lumileds appoints former Micron Technology president Mark Adams as CEO

LED maker Lumileds of San Jose, CA, USA has appointed Mark Adams as chief executive officer. Most recently (from 2012 to 2016) Adams was president of Micron Technology Inc (a Fortune 200 global manufacturer of memory solutions).

"We will build upon Lumileds' robust innovation pipeline, technology leadership and strong customer base to drive Lumileds' future growth," says Adams.

Between 2008 and 2012, Adams was VP, worldwide sales at Micron. He also served in executive roles at Lexar Media Inc, Creative Labs Inc and NCR Corp. He received his Bachelor of Arts degree in Economics in 1987 from Boston College and his MBA in 1995 from Harvard University. Adams currently sits on the board of directors at Cadence Design Systems Inc and Seagate Technology plc.

Lumileds is a subsidiary of Royal Philips. Philips announced on 12 December that it signed an agreement to sell a majority 80.1% stake in Lumileds to funds managed by affiliates of Apollo Global Management LLC. The transaction is expected to be completed in first-half 2017, subject to customary closing conditions.

See related items:

Philips to sell majority stake in Lumileds to US private equity firm Apollo

Tags: Lumileds

Visit: www.lumileds.com