Lumileds Names New Chief Financial Officer

May 8, 2017

Lumileds, a wholly-owned subsidiary of Royal Philips which develops, manufactures and distributes LEDs and automotive lighting products, announced the appointment of Ilan Daskal as its CFO, effective May 1.

Daskal has over 25 years of experience in numerous senior financial roles, including vice president of finance at Infineon Technologies NA and CFO at International Rectifier.

“I could not be more excited about joining the executive team at Lumileds. The company’s legacy of innovation, customer engagement and performance leadership are all compelling factors that will drive continued success,” Daskal said.

“We are thrilled to have Ilan join our team. His breadth of experience in operations, mergers and acquisitions, and capital markets will help drive Lumileds future growth,” said CEO Mark Adams.

As required under the company’s signed agreement, Apollo Global Management has been appropriately briefed on the appointment of Ilan Daskal as CFO.

For more information, contact Kevin Lucido, senior director of global marketing communications, at 650-576-3864 or [email protected].