Leon Pikaar Appointed as VP and General Manager of Lumileds LED Solutions Business Unit

Lumileds announced today that Leon Pikaar has been appointed as Vice President and General Manager of its LED Solutions Business Unit. Mr. Pikaar brings more than 30-years of experience in the LED and lighting industry and an extensive tenure at Philips Lighting and Lumileds where he has led international business organizations, strategic accounts, and developed the specialty business in camera flash, display, and UV markets.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005892/en/

Leon Pikaar, Lumileds Vice President LED Solutions Business Unit (Photo: Business Wire)

Mr. Pikaar’s career started at Philips Lighting in The Netherlands. He was soon transferred to Brazil where he became the Regional Manager Latin-America for lamp drivers. In 1999, he joined the team that founded Lumileds as a joint venture between Hewlett Packard and Philips after which he became responsible for sales and marketing of specialty lamps for Philips Lighting in Europe. Prior

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Linda Yaccarino Adds Local Ad Sales Purview, New Data Strategy Unit in Expanded NBCU Role

After overhauling NBCUniversal’s news and entertainment divisions, new CEO Jeff Shell has turned his attention to the business side, expanding Linda Yaccarino’s role at the company.

Yaccarino has been promoted to chairman of global advertising and partnerships for NBCUuniversal. In addition to overseeing national advertising sales, ad sales marketing and global partnerships, Yaccarino will now add the local advertising sales and strategic initiatives teams to her purview, and will also head up a new companywide data strategy unit.

This is an extension of NBCUniversal’s One Platform offering, rolled out earlier this year, which enables the selling of ad inventory across all screens. Today’s moves will align NBCU’s local ad sales operation with its global sales efforts.

“Linda has done a fantastic job moving the advertising business forward, not just for NBCUniversal but the industry at large,” said Shell in a statement. “I’m excited for her to continue architecting the future

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Steve Barlow Named to Lead Lumileds Automotive Business Unit

Lumileds announced today that Steve Barlow has been appointed as President of the company’s Automotive Business Unit. Mr. Barlow has successfully led the Lumileds LED Solutions Business Unit for over 3-years and, in his more than 18 years of executive leadership at Lumileds, he has managed both sales and marketing of automotive, illumination and specialty LED businesses for Lumileds.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005112/en/

Steve Barlow, President, Automotive Business Unit (Photo: Business Wire)

Mr. Barlow has over 28 years of sales, marketing, and business development experience in the semiconductor and LED lighting industry. He first joined Lumileds in 2003 and helped to build its LED lighting business. Steve re-joined Philips Lumileds in 2017 as the company’s SVP of Illumination. In 2012, Mr. Barlow served as the Chief Commercial Officer at Intematix Corporation and then in 2014 as SVP of sales and business development at

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Exclusive: Thyssenkrupp Opens Books in Sale of Plant-Building Unit | Investing News

By Christoph Steitz and Tom Käckenhoff

ESSEN, Germany (Reuters) – Thyssenkrupp has begun due diligence with potential bidders for its plant division as the German conglomerate accelerates a radical overhaul to sell or turn around ailing business units in the next two years, a top executive told Reuters.

In his first interview, Volkmar Dinstuhl, who oversees the divestment of non-core assets, said the company has opened the books to buyers of its plant-building units and received expressions of interest for its stainless steel division.

Thyssenkrupp

is also open to considering offers for its automotive and remaining industrial assets, said Dinstuhl, who heads up the group’s Multi-Tracks division, which houses businesses Thyssenkrupp no longer wants to own.

“Our goal is to find a solution for all our businesses within the next two years,” said Dinstuhl, the first time Thyssenkrupp has outlined a timeline for restructuring.

The Essen, Germany-based company, which makes

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IBM jumps 9% after it reveals plan to spin off legacy business to focus on cloud unit



a man looking at the camera: Reuters


© Reuters
Reuters

  • IBM surged on Thursday after it announced plans to spin off its legacy managed infrastructure business so it can solely focus on building up its cloud division.
  • The spinoff is expected to be tax-free for IBM shareholders and will be completed by the end of 2021, the company said.
  • “IBM is laser-focused on the $1 trillion hybrid cloud opportunity,” IBM CEO Arvind Krishna said.
  • IBM also released preliminary third quarter earnings results.
  • Visit Business Insider’s homepage for more stories.

IBM is shedding its legacy business to focus on growing its cloud unit, according to a release on Thursday.

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IBM will spin off its managed infrastructure business as a new publicly traded company in a tax-free deal for IBM shareholders. The spinoff is expected to be completed by the end of 2021.

The spinoff of IBM’s legacy networking business will allow the company to become “laser-focused”

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IBM To Accelerate Hybrid Cloud Growth Strategy And Execute Spin-Off Of Market-Leading Managed Infrastructure Services Unit

ARMONK, N.Y., Oct. 8, 2020 /PRNewswire/ — IBM (NYSE: IBM) announced today it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company (“NewCo”). This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value.

The separation is expected to be achieved as a tax-free spin-off to IBM shareholders, and completed by the end of 2021.

“IBM is laser-focused on the $1 trillion hybrid cloud opportunity,” said Arvind Krishna, IBM Chief Executive Officer. “Client buying needs for application and infrastructure services are diverging, while adoption of our hybrid cloud platform is accelerating. Now is the right time to create two market-leading companies focused on what they do best. IBM will focus on its open hybrid cloud platform and AI capabilities.

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IBM jumps 13% after it reveals plan to spin off legacy business to focus on cloud unit

FILE PHOTO: Man stands near an IBM logo at the Mobile World Congress in Barcelona


  • IBM surged on Thursday after it announced plans to spin off its legacy managed infrastructure business so it can solely focus on building up its cloud division.
  • The spinoff is expected to be tax-free for IBM shareholders and will be completed by the end of 2021, the company said.
  • “IBM is laser-focused on the $1 trillion hybrid cloud opportunity,” IBM CEO Arvind Krishna said.
  • IBM also released preliminary third quarter earnings results.
  • Visit Business Insider’s homepage for more stories.

IBM is shedding its legacy business to focus on growing its cloud unit, according to a release on Thursday.

IBM will spin off its managed infrastructure business as a new publicly traded company in a tax-free deal for IBM shareholders. The spinoff is expected to be completed by the end of 2021.

The spinoff

Read More