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Color Kinetics Announces Executive Transition
Color Kinetics Incorporated has announced a key executive transition in line with the company’s plans for growth. Co-founder and CEO George Mueller will step into an active role as full-time founder chairman. Bill Sims, currently serving his fourth year as the company’s president and COO, will become president and CEO. Both remain members of the company’s board of directors. The executive transition will be effective 1st July, 2005.
“In my tenure as CEO of Color Kinetics, I have seen the company’s extraordinary transformation from a pioneering start-up with promising technology, to an established category leader in intelligent solid-state lighting,” said Mueller. “This is a perfect time to hand the reins to Bill, whose notable contributions to Color Kinetics’ success, vision for the company’s direction, and sharp focus on operational excellence make him an ideal leader in this fast-paced industry.
“By every measure – revenues, product lines, partnerships and international expansion -- Color Kinetics is thriving, and I look forward to helping drive the company’s continued success in my new role. Additionally, as founder chairman, I will devote my time more fully to working with industry thought leaders and influencers to propagate the greater cross-industry adoption of intelligent solid-state lighting.”
“I am very pleased to expand my role to president and CEO of Color Kinetics, as we continue to build on the exceptional momentum and technology leadership that have made us an industry front runner,” said Sims. “Under George’s leadership, Color Kinetics successfully differentiated itself with a unique, systems-based approach to intelligent solid-state lighting, a comprehensive intellectual property strategy, and solid brand recognition that still fuel the company today. Working alongside George in our new roles, we now look to accelerate growth with advanced products powered by next-generation technologies, strategic partnerships and initiatives that will support our ambitious efforts to lead the future of lighting."
3rd May 2005
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