Lumileds appoints Matt Roney as CEO

LED manufacturer Lumileds has announced that Matt Roney will take over as CEO on Oct. 1, replacing Jonathan Rich who will remain executive chairman of the board at the company.

Roney just joined Lumileds back in January, becoming president of the Lumileds Automotive Business Unit.

The CEO change marks the second with Lumileds operating under Apollo Global Management, which announced the acquisition of Lumileds from Philips at the end of 2016. Moreover, the announcement hints at an increased focus on the automotive solid-state lighting (SSL) sector for Lumileds.