It was not too long after I started this blog that I was congratulating my former boss Bruno Biasiotta on his work as President and CEO of Philips Lighting North America. Today, our friends at the Franklin, Tennessee-based Edison Report is reporting that Bruno is out at Philips and Amy Huntington is in as his replacement. The changes will begin on December 31, 2014.
The former executive of energy services company Johnson Controls, Biasiotta brought his successful business strategies at JCI and turned around a company that needed it-part of a continually growing industry. His focus was luminaires because, it is the "largest opportunity and the segment undergoing the most significant change." Back in early 2013 he said that "in 2017, the North American Lighting Market should be about $19B."
In 2014, there were layoffs across Philips Lighting, including a cutting of staff at a Tupelo, Mississippi manufacturing center and grumblings across the Philips brand world wide.
These surely may not have contributed to Bruno leaving the post at Philips, but know that there are many-a-company across America and the world that would be able to use his skill sets to advance their business models and profits.
Philips Lighting was valued at $3.75 Billion. Under Bruno's leadership, the company attained this mark and private equity firms were fighting for a chance to invest in the company. Even Cree was making grumbling about acquiring the lighting giant.
We certainly wish Bruno good luck on his next endeavor-thank for all that you have done for us and your influence on what we do at GET,LLC.
Need an LED solution for your facility? Check out our website at www.get-guam.com or give GET, LLC a call at 671-797-0789. We are a provider of Independence LED Lighting and Deco Lighting Inc. products-Made in America!!!