MicroVision Announces Change in Leadership, Names Perry Mulligan as New Chief Executive Officer
November 15 2017 - 8:30AM
Business Wire
MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative
ultra-miniature projection display and sensing technology, today
announced that it has named Perry Mulligan, a company director, as
chief executive officer, replacing Alexander Tokman who has
resigned as chief executive officer and director.
Mulligan has served as a director at MicroVision since January
2010 and assumes the role of chief executive officer (CEO)
immediately. Tokman will remain as president through the end of
2017 to assist with the transition.
“Perry is very familiar with MicroVision, its vision and
management through his seven-year tenure as a member of the Board
of Directors. Perry brings a track record of success and a strong
background in executive leadership, operational management and
global supply chain design,” said Brian Turner, chairman and
independent director at MicroVision. “Alex has worked tirelessly
for MicroVision, and we appreciate his contributions, energy and
commitment to the company’s success. We are grateful that Alex has
agreed to stay on as president through the end of the year and to
be available to support the company and Perry as we move
forward.”
“I am very excited to join MicroVision as CEO and I look forward
to carrying on the vision of the company and building on its
success,” said Perry Mulligan, incoming CEO. “There are many
opportunities ahead, and I am pleased that Alex will be available
to help ensure a smooth transition, enabling the company to
continue to execute on our business plan.”
“After a decade of guiding MicroVision, I have decided it is
time to step back and spend more time with my family,” said
Alexander Tokman, outgoing CEO. “I believe that Perry is the right
person to take the company to the next stage and am pleased that he
was chosen to helm the next era of growth for the company.”
Mulligan was formerly senior vice president of operations for
Emulex Corporation, where he oversaw Emulex operations, including
supplier management, test engineering, logistics, IT and
facilities. Prior to Emulex, Mulligan was senior vice president,
operations for QLogic, where he was responsible for all aspects of
the manufacturing and delivery of products to the customer in
addition to overall supply chain design and manufacturing
strategy.
About MicroVision
MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the
laser beam scanning methodology pioneered by the company.
MicroVision’s platform approach for this advanced display and
sensing solution means that it can be adapted to a wide array of
applications and form factors. It is an advanced solution for a
rapidly evolving, always-on world. Extensive research has led
MicroVision to become an independently recognized leader in the
development of intellectual property. MicroVision’s IP portfolio
has been recognized by the Patent Board as a top 50 IP portfolio
among global industrial companies and has been included in the
Ocean Tomo 300 Patent Index. The company is based in Redmond,
Wash.
For more information, visit the company’s website at
www.microvision.com, on Facebook at www.facebook.com/MicroVisionInc
or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Forward-Looking Statements
Certain statements contained in this release, including those
relating to possibilities for future product, product applications,
potential opportunities and expansion into new markets are
forward-looking statements that involve a number of risks and
uncertainties. Factors that could cause actual results to differ
materially from those projected in the company’s forward-looking
statements include the following: our ability to raise additional
capital when needed; products incorporating our PicoP® scanning
technology may not achieve market acceptance, commercial partners
may not perform under agreements as anticipated, we may be
unsuccessful in identifying parties interested in paying any
amounts or amounts we deem desirable for the purchase or license of
IP assets, our or our customers’ failure to perform under open
purchase orders; our financial and technical resources relative to
those of our competitors; our ability to keep up with rapid
technological change; government regulation of our technologies;
our ability to enforce our intellectual property rights and protect
our proprietary technologies; the ability to obtain additional
contract awards; the timing of commercial product launches and
delays in product development; the ability to achieve key technical
milestones in key products; dependence on third parties to develop,
manufacture, sell and market our products; potential product
liability claims; and other risk factors identified from time to
time in the company’s SEC reports, including the company’s Annual
Report on Form 10-K filed with the SEC. Except as expressly
required by federal securities laws, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events, changes in
circumstances or any other reason.
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version on businesswire.com: http://www.businesswire.com/news/home/20171115005417/en/
MicroVision, Inc.Investors:Dawn Goetter,
425-882-6629ir@microvision.comorMedia:Heather Hewit,
732-212-0823heatherh@lotus823.com
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