Lumileds announced recently 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 VP for Business Transformation.
Roney comes to Lumileds from Stanley Infrastructure, a division of Stanley Black & Decker, where he was the COO. Roney has extensive experience in both private equity companies and the automotive industry. Prior to its acquisition by Stanley, Roney was the president of Paladin Attachments backed by private equity firm KPS Capital Partners. Before that, he was the VP and GM of the Global Steering Business at TRW Automotive, a $2.5 billion global manufacturer of electronic and hydraulic steering systems.
Roney 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, Mircea Buzgar-Nazare becomes Lumileds first senior VP of Business Transformation. In his new role, Buzgar-Nazare is responsible for optimizing the asset and cost structure of Lumileds and will lead the company’s activities in mergers and acquisitions.
Commenting on the 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.”