Dr. Jonathan Rich Appointed as Lumileds Chief Executive Officer
SAN JOSE, Calif.–(BUSINESS WIRE)–Lumileds today announced the appointment of Dr. Jonathan Rich as Chief
Executive Officer. Dr. Rich most recently served as Chairman and CEO of
Berry Global, Inc., a Fortune 500 specialty materials and consumer
packaging company, from 2010 to 2018. Dr. Rich succeeds Mark Adams, who
is stepping down as CEO and from the board of directors but will remain
in an advisory role to the company.
“I am very pleased to be joining Lumileds and am looking forward to
building on the company’s differentiated lighting technology foundation
to increase the value we can deliver to customers across a broad set of
industries,” said Dr. Rich. “The opportunity for lighting innovation to
make a positive impact on safety and sustainability is tremendous.”
Before Dr. Rich held the position of Chairman and CEO of Berry Global,
he was president and CEO at Momentive, a specialty chemical company
headquartered in Albany, New York. Prior to that, he held positions with
Goodyear Tire & Rubber Company, first as President of the Global
Chemicals business and subsequently as President of Goodyear’s North
American Tire Division. Dr. Rich spent his formative years at General
Electric, first as a research scientist at GE Global Research and then
in a series of management positions with GE Plastics. He received a
Bachelor of Science degree in chemistry from Iowa State University and a
Ph.D. in chemistry from the University of Wisconsin-Madison. He has been
a visiting lecturer at Cornell University Johnson School of Business
since 2017.
“Mark Adams has made significant contributions to Lumileds during his
tenure, leading the transition to an independent company and cultivating
a culture of innovation and customer focus,” said Rob Seminara, a senior
partner at Apollo and chairman of the board of Lumileds. “On behalf of
the Board of Directors of Lumileds, we would like to thank him for his
service to the company and wish him the very best in his future
endeavors. We are very excited Jon will be joining Lumileds to drive the
next phase of innovation and growth and we look forward to working with
him again.”
Added Adams: “It has been a great experience leading Lumileds’
transition to an independent company that is focused on delivering
lighting solutions that truly make a positive impact in the world. I
would like to thank the employees of Lumileds and the Apollo team for
their support and wish the company much success in the future.”
About Lumileds:
For automotive, mobile, IoT and illumination companies that require
innovative lighting solutions, Lumileds is a global leader, employing
more than 9,000 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.
About Apollo Global Management:
Apollo is a leading global alternative investment manager with offices
in New York, Los Angeles, San Diego, Houston, Bethesda, London,
Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong,
Shanghai, and Tokyo. Apollo has assets under management of approximately
$280 billion as of December 31, 2018 in private equity, credit and real
assets funds invested across a core group of nine industries where
Apollo has considerable knowledge and resources. For more information
about Apollo, please visit www.apollo.com.
Contacts
Kyra Whitten
Vice President, Corporate Communications
Lumileds
[email protected]
