"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," said Frans van Houten. "I'm confident Pierre Yves will drive Philips Lumileds performance and actively shape the fast changing LED illumination market.
"At the same time, I also thank Mike Holt, Lumileds' 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. Mike is retiring to enjoy more time with his family," said van Houten.
(Jim Evans)
