LEDVANCE (Wilmington, MA): The LEDVANCE supervisory board has appointed Lawrence Lin as CEO and managing director of LEDVANCE. Lin, who most recently served as chairman of the LEDVANCE supervisory board, will lead the company’s mission to become one of the global leaders in LED-based general lighting.
Lin brings a long track record in international management experience into his new position at LEDVANCE. In his latest role since 2015, as executive general manager at MLS, he helped more than double the company’s total sales revenues to currently around 8 billion Chinese Yuan (around 1.15 billion US dollars) and build MLS’ global sales network. He also worked on the acquisition of LEDVANCE. Since July 2018, Lin had additionally served as chairman of the LEDVANCE supervisory board.
According to a press release, “As CEO of LEDVANCE, Lin will further accelerate the company’s ongoing transition into a full-scale LED general lighting provider expanding into growth segments like LED luminaires, LED lamps, smart home and human-centric lighting.”
Lawrence Lin said in the press release, “Over the past two years, LEDVANCE has made great progress on its transformation journey in a very volatile market environment, for instance, by building a highly successful and profitable luminaires business and becoming more agile as an organization to better meet the needs of our customers. We will not stop there but will continue on this path with full speed ahead. I look forward to working with the entire LEDVANCE team to seize the great opportunities in our established markets in Europe and North America, as well as in fast growing emerging markets.”
In order to assume his position as LEDVANCE CEO, Lawrence Lin has resigned as chairman of the LEDVANCE supervisory board.
With offices in more than 50 countries and business activities in more than 140 countries, LEDVANCE is one of the world's largest general lighting providers for professional users and end consumers. Having emerged from the general lighting business of OSRAM GmbH, LEDVANCE offers a wide-ranging assortment of LED luminaires for a broad spectrum of application areas, intelligent lighting products for Smart Homes and Buildings, one of the largest LED lamps portfolios in the industry, and traditional light sources. In fiscal year 2017, LEDVANCE achieved a turnover of around 1.9 billion Euro (approximately $2.5 billion). Based on an agreement with Osram, LEDVANCE will continue to use the trusted Osram brand for many of its products (Sylvania for the USA and Canada).