Lumileds announced that Matt Roney has joined the company as President of the Automotive Business Unit.
Roney will succeed Mircea Buzgar-Nazare, who will become the company’s Senior Vice President for Business Transformation.
Roney comes to Lumileds from Stanley Infrastructure, a division of Stanley Black & Decker, where he was the Chief Operating Officer. He has extensive experience in both private equity companies and the automotive industry. Prior to its acquisition by Stanley, he was the President of Paladin Attachments backed by private equity firm KPS Capital Partners.
Before that, he was the Vice President and General Manager of the Global Steering Business at TRW Automotive, a $2.5 billion global manufacturer of electronic and hydraulic steering systems. Matt has a BS in Electrical Engineering from Cornell University, an MSE in Mechanical Engineering from Purdue, and an MBA from Harvard Business School. Roney will be based at Lumileds’ Farmington Hills office.
In addition, today Mircea Buzgar-Nazare becomes Lumileds first Senior Vice President of Business Transformation. In his new role, Mircea is responsible for optimizing the asset and cost structure of Lumileds and will lead the company’s activities in mergers and acquisitions.
Commenting on today’s announcement, Lumileds CEO Jon Rich said, “We are extremely excited to have Matt join Lumileds. His track record of success in the automotive industry and experience in private equity will help Lumileds continue to grow in the critical markets of automotive lighting and sensors. I am grateful to Mircea for his long tenure of leadership at Lumileds and look forward to working closely with him in his new role.”