Philips Lumileds Names Pierre Yves Lesaicherre as New CEO

Pierre Yves Lesaicherre has been named CEO of Philips Lumileds. He succeeds Michael C. Holt and will report directly to Philips Lighting's acting chief executive officer Frans van Houten.

"Pierre Yves' tremendous experience at NXP Semiconductors, most recently as senior vice president and general manager of the business lines microcontrollers and logic, make him uniquely qualified to lead Philips Lumileds into the new world of lighting," said 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.

Lesaicherre 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.