Lumileds Appoints Auto Industry Veteran
Matt Roney to lead automotive business unit
Lumileds has appointed Matt Roney as president of the Automotive Business Unit. Matt will succeed Mircea Buzgar-Nazare, who will become the company’s senior VP for business transformation.
Roney comes to Lumileds from Stanley Infrastructure, a division of Stanley Black & Decker, where he was the COO. Matt has extensive experience in both private equity companies and the automotive industry.
Prior to its acquisition by Stanley, Matt was the president of Paladin Attachments backed by private equity firm KPS Capital Partners. Before that, he was the VP 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. Matt will be based at Lumileds’ Farmington Hills office.
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.”