January 10, 2012 — Philips Lumileds appointed Pierre Yves Lesaicherre as CEO, succeeding the company’s first CEO Michael C. Holt. Lesaicherre will report directly to Philips Lighting’s acting CEO, Frans van Houten.

The experience gained from NXP Semiconductors, where Lesaicherre was SVP and GM of the microcontrollers and logic business lines, among other titles, makes him "uniquely qualified to lead Philips Lumileds," van Houten asserts, adding that the LED lighting market is "fast changing." Lesaicherre has 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.

Also read: LEDs are fundamentally semiconductors, running up against fab and packaging issues, says Philips Lumileds

Under Mike Holt, Philips Lumileds introduced high-power LEDs and entered new lighting segments, van Houten said. Holt, who worked with the company for a decade, is retiring to spend time with his family.

Philips Lumileds is a leading provider of LEDs for illumination. Royal Philips Electronics of the Netherlands (NYSE:PHG, AEX:PHI) is a diversified health and well-being company, operating in healthcare, lifestyle and lighting. Website: www.philips.com.

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