Philips Entertainment Names New CEO

Philips Entertainment has announced that Steve Carson is stepping down as the chief executive officer of Philips Entertainment, and Matthijs Glastra will take over as the new CEO. Glastra joins Philips Entertainment with an 18-year executive track record in the LED, entertainment lighting, and semiconductor industries, and Carson will remain with Philips Entertainment for the remainder of the year to ensure a smooth transition.

"I am thrilled to be part of this great business in an industry dear to my heart, entertainment lighting," said Glastra. "I would like to thank Steve for a tremendous job done in building this business and he has assembled a great team with strong brands. I am fully committed to further accelerating our innovation and growth in a global fashion, and I am looking forward to connecting with our customers and partners to continue to grow our cooperative businesses together."

Most recently, Glastra was the chief operating officer at Philips Lumileds, the leader in LED components, where he was responsible for technology innovation, product creation, and operations. While at Philips Lumileds, Glastra led growth of three-times in revenue, eight-times in volume, and a four-time increase in the number of products introduced. He has also held positions in marketing, sales, operations, and as general manager of multiple businesses.

Stepping down to enjoy the tranquility of retirement, Steve Carson has been in the lighting industry for over 28 years. During this time, he has built Philips Entertainment into a world leader with renowned brands Philips Vari-Lite, Philips Strand Lighting, and Philips Selecon.

"I have sincerely enjoyed my time leading Philips Entertainment," added Carson. "Over the years we have introduced ground-breaking products, lead technology revolutions, and built many lasting relationships. While I did not make this decision lightly, I am excited about the next chapter in my life and spending valuable time with my family and friends."