|By Marketwired .||
|February 4, 2013 07:07 PM EST||
LIVERMORE, CA -- (Marketwire) -- 02/04/13 -- Bridgelux, Inc., a leading developer and manufacturer of LED lighting technologies and solutions, today announced that its Board of Directors has appointed Bradley J. Bullington, the Company's current Vice President, Strategy and Corporate Development and General Manager, Technology Solutions, as Chief Executive Officer, effective immediately. William Watkins has moved up to Chairman of the Board of Directors, having served as CEO of the company from January, 2010 until taking this new role.
Mr. Bullington joined Bridgelux from Seagate in 2010, where he worked with Mr. Watkins, and has been responsible for the Company's overall business strategy and all corporate and market development activities, including strategic partnerships and joint venture development, technology licensing, capital formation and the legal function. Mr. Bullington also ran Bridgelux's Technology Solutions business.
"Brad has driven Bridgelux's strategic direction and corporate development initiatives since joining the Company when I came aboard," said Mr. Watkins. "I look forward to working with him to ensure a smooth transition, as well as going forward as Bridgelux enters its next phase of growth."
"Bill has restructured and recapitalized the Company, nurtured and developed our leadership position in GaN on Silicon, and significantly strengthened Bridgelux's position in the rapidly growing global lighting market," said Alan Salzman, CEO and Managing Partner of VantagePoint Capital Partners. "The Board is thrilled that Bridgelux will continue to benefit from Bill's tremendous knowledge, expertise, and guidance as the Company moves ahead. We also look forward to working with Brad as he continues to build on Bridgelux's leadership in the solid state lighting industry."
Prior to joining Bridgelux, Mr. Bullington held executive strategy, corporate and business development roles at Seagate Technology from 2006 to 2009. Mr. Bullington held similar positions at Maxtor Corporation, where he was also a founding member of Maxtor's Branded Products Group (BPG), an industry pioneer in the external storage solutions market. Prior to entering the data storage industry, he was a management consultant for A.T. Kearney, where he served a range of clients focused on issues of strategy and operations in the software and technology hardware, aerospace, retail and financial services industries. He began his professional services career at Deloitte & Touche. Mr. Bullington received his B.A. in Business Administration, with a Certificate of International Studies in Business, from the University of Washington.
Bridgelux is a leading developer and manufacturer of technologies and solutions transforming the $40 billion global lighting industry into a $100 billion market opportunity. Based in Livermore, California, Bridgelux is a pioneer in solid state lighting (SSL), expanding the market for light emitting diode (LED) technologies by driving down the cost of LED lighting systems. Bridgelux's patented light source technology replaces traditional technologies (such as incandescent, halogen, fluorescent and high intensity discharge lighting) with integrated, solid state lighting solutions that enable lamp and luminaire manufacturers to provide high performance and energy efficient white light for the rapidly growing interior and exterior lighting markets, including street lights, commercial lighting and consumer applications. Bridgelux is the only vertically integrated LED manufacturer and developer of solid state light sources that designs its solutions specifically for the lighting industry. For more information about the company, please visit www.bridgelux.com
Bridgelux and the Bridgelux stylized logo design are registered trademarks of Bridgelux, Inc. All other trademarks are the property of their respective owners.
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