AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Lumileds Appoints Auto Industry Veteran Matt Roney to Lead Automotive Business Unit

January 16, 2020 GMT
Lumileds Appoints Auto Industry Veteran Matt Roney to Lead Automotive Business Unit
Lumileds Appoints Auto Industry Veteran Matt Roney to Lead Automotive Business Unit

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan 16, 2020--

Lumileds announced today that Matt Roney has joined the company as President of the Automotive Business Unit. Matt will succeed Mircea Buzgar-Nazare, who will become the company’s Senior Vice President for Business Transformation.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200116005824/en/

Matt Roney, Lumileds’ Automotive Business Unit President (Photo: Business Wire)

Matt comes to Lumileds from Stanley Infrastructure, a division of Stanley Black & Decker, where he was the Chief Operating Officer. Matt has extensive experience in both private equity companies and the automotive industry. Prior to its acquisition by Stanley, Matt was the President of Paladin Attachments backed by private equity firm KPS Capital Partners. Before that, he was the Vice President and General Manager of the Global Steering Business at TRW Automotive, a $2.5 billion global manufacturer of electronic and hydraulic steering systems. Matt has a BS in Electrical Engineering from Cornell University, an MSE in Mechanical Engineering from Purdue, and an MBA from Harvard Business School. Matt will be based at Lumileds’ Farmington Hills office.

In addition, today Mircea Buzgar-Nazare becomes Lumileds first Senior Vice President of Business Transformation. In his new role, Mircea is responsible for optimizing the asset and cost structure of Lumileds and will lead the company’s activities in mergers and acquisitions.

Commenting on today’s announcement, Lumileds CEO Jon Rich said, “We are extremely excited to have Matt join Lumileds. His track record of success in the automotive industry and experience in private equity will help Lumileds continue to grow in the critical markets of automotive lighting and sensors. I am grateful to Mircea for his long tenure of leadership at Lumileds and look forward to working closely with him in his new role.”

About Lumileds

For automotive, mobile, IoT, and illumination companies that require innovative lighting solutions, Lumileds is a global leader employing more than 7500 team members operating in over 30 countries. Lumileds partners with its customers to push the boundaries of light.

To learn more about our portfolio of lighting solutions, visit lumileds.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200116005824/en/

Steve Landau,Lumileds.Marcom@lumileds.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: SEMICONDUCTOR ENGINEERING AUTOMOTIVE GENERAL AUTOMOTIVE TECHNOLOGY MANUFACTURING

SOURCE: Lumileds

Copyright Business Wire 2020.

PUB: 01/16/2020 04:30 PM/DISC: 01/16/2020 04:30 PM

http://www.businesswire.com/news/home/20200116005824/en