Lumileds has announced the appointment of Dr. Jonathan Rich as its new chief executive officer.
Rich most recently served as chairman and CEO of Berry Global Inc., a Fortune 500 specialty materials and consumer packaging company.
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 Rich. “The opportunity for lighting innovation to make a positive impact on safety and sustainability is tremendous.”
Prior to his tenure at Berry Global, Rich served as president and CEO at Momentive, a specialty chemical company, and held positions at Goodyear Tire & Rubber Company, and General Electric.
“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.”