13 September 2010


Luminus appoints CFO as it expands to new solid-state lighting applications

Luminus Devices Inc of Billerica, MA, USA, which develops and manufactures large-chip PhlatLight (photonic lattice) LEDs for illumination applications, has appointed Walter A. Shephard as chief financial officer, responsible for worldwide finance, administrative, legal and IT operations. He will also focus on driving employee productivity and reducing operational costs.

Shephard has a track record of diversified financial leadership with both public and private firms, says president & CEO Keith T.S. Ward. Prior to Luminus, Shephard was chief financial officer at Zygo Corp, where he focused on improving its business model, operational efficiencies and cost containment programs. Previously, he was VP & CFO at GenRad Inc, responsible for developing and delivering corporate financial targets and overseeing a corporate expense budget of $70m. Shephard received a Masters of Business Administration from Babson College and a Bachelor of Science in Finance from Boston College.

“Luminus has been executing on its sound business plan in 2010, is now expanding its brands globally in new solid-state products and applications,” comments Shephard. “Today, more solid-state applications from entertainment, architectural, manufacturing, ultra-violet and display lighting are using the PhlatLight brand to expand their product and application portfolios,” he continues. “Luminus is expanding the company and PhlatLight LEDs in new markets where traditional light sources are being phased out with long-lasting, energy-efficient solid-state LEDs,” Ward adds.

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