Philips Lumileds Taps NXP Executive to be CEO

Philips Lumileds announced the
appointment of Pierre Yves Lesaicherre as CEO of Philips Lumileds, effective immediately.
Mr. Lesaicherre succeeds Michael C. Holt. Lesaicherre will report directly to
Philips Lighting’s acting chief executive officer, Frans van Houten. Pierre Yves
Lesaicherre reportedly joins Lumileds with more than two decades of experience
in the semiconductor and component industry. He lives in Silicon Valley and
speaks multiple languages including French and Japanese.

“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,” he added.

“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.