Philips Lumileds has named Pierre Yves Lesaicherre as the new CEO.
Lesaicherre brings more than 20 years of experience in the semiconductor and component industry to the company.
Philips Lighting's acting CEO Frans van Houten said, "Pierre Yves' tremendous experience at NXP Semiconductors, most recently as Senior Vice President & General Manager of the business lines Microcontrollers & Logic, make him uniquely qualified to lead Philips Lumileds into the new world of lighting."
Lesaicherre is succeeding Michael C. Holt who, according to a company news release, is retiring in order to spend more time with his family. "...I also thank Mike Hold, Lumiled's first CEO, who for more than a decade has led the company as it invented and introduced high power LEDs and opened entirely new lighting segments," van Houten said.
Lesaicherre's appointment at Philips Lumiled is effective immediately.
© 2012 The Electrical Distributor. All rights reserved.