Lighting Science Appoints Ed Bednarcik as New CEO
September 09 2014 - 8:41AM
Business Wire
Experienced Brand & Business Builder to
Lead Company as it Expands into New Market Segments
Intelligent lighting solutions company Lighting Science®
announced today that its Board of Directors has appointed Edward
Bednarcik as Chief Executive Officer, effective September 8, 2014.
Mr. Bednarcik, a talented executive with experience developing and
commercializing technology across multiple industries globally,
will lead the company as it continues to bring to market new
innovative LED lighting solutions and expand its presence in the
office, retail, education, health care, assisted living,
agriculture, government, fitness, hospitality, infrastructure and
residential market segments.
Mr. Bednarcik replaces Interim CEO Richard Davis, who will
continue to serve as a Director on Lighting Science’s Board.
“Ed’s leadership experience in the technology sector and as a
driver of growth will be a tremendous asset to Lighting Science,”
said Craig Cogut, Chairman of the Lighting Science Board of
Directors. “Based on his impressive track record of repositioning
and transitioning companies toward significant growth, Ed has
partnered with private equity owners and entrepreneurs alike to
take strong franchises in markets that are being disrupted, and
turn them into industry leaders. We are looking forward to
benefitting from Ed’s expertise and technology experience to help
take Lighting Science to the next level.”
Mr. Bednarcik most recently served as CEO and President at Video
IQ, an enterprise software company focused on providing video
analytics for “big data” solutions globally, where he positioned
the business for dynamic growth through revamping the company’s
product portfolio and developing key industry partnerships to
enable the rapid expansion of the company’s unique video
surveillance solutions. This led to the company's sale in January
2014 to Avigilon Corporation. Prior to that he was CEO and
President of Wright Line LLC, a global supplier of innovative data
center solutions for government and commercial customers, from 2007
to 2011. At Wright Line, he was responsible for re-positioning the
company for higher growth and profitability, leading to the sale of
the company to Eaton Corporation in August 2010. Mr. Bednarcik has
also served in senior leadership positions at A123 Systems, LLC,
which is focused on high-power lithium ion battery solutions for
hybrid electric vehicle transportation, and at American Power
Conversion Corporation, a provider of integrated power protection
solutions to enterprise, small-medium business and residential
customers.
“The opportunity to lead Lighting Science, which as one of the
most innovative LED lighting companies in the market has become the
trusted provider of lighting solutions to a broad range of
delighted customers from NASA to moms and dads alike, is both
exciting and compelling,” said Mr. Bednarcik. “As one of the
largest LED patent-holders, the first company to market with a line
of biologically-correct LED bulbs that provide conventional white
light, and part of the team that NASA relied on when it wanted to
enhance the performance of astronauts in space, Lighting Science is
leading the charge to bring the last vestige of the analog
world—light—into the digital age.”
About Lighting Science
Lighting Science (OTCQB:LSCG) is a global leader in lighting
solutions that are environmentally-friendlier and more
energy-efficient than traditional lighting products. Lighting
Science is committed to UNLEASH THE SCIENCE OF LIGHT TO MAKE PEOPLE
AND OUR PLANET LOOK, FEEL AND HEAL BETTER with award-winning,
innovative LED lamps and lighting fixtures. Find out more at
www.lsgc.com or www.definitydigital.com and join us on Twitter,
Facebook, LinkedIn and the Lighting Science Blog.
For Lighting ScienceBill Mendel,
212-397-1030bill@mendelcommunications.com
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