LumaSense Technologies Appoints Veteran Technology Executive Steve Abely to Succeed Founder & CEO Vivek Joshi
SANTA CLARA, Calif., February 25, 2013 – Today LumaSense Technologies, Inc. announced the succession of its founding CEO, Vivek Joshi, by its current CFO Steve Abely. Mr. Joshi continues as Executive Chairman of the Board of Directors, and will transition his CEO responsibilities to Mr. Abely over the next few months.
Mr. Abely joined LumaSense Inc. in July of 2012 as CFO. He has over 25 years of experience leading technology and manufacturing companies. While President and CFO of StorMedia, Mr. Abely oversaw the company through its IPO and tripled the company’s annual revenue. Over his seven year tenure as CFO of Bookham (now Oclaro), a leading supplier of optical components and subsystems, Mr. Abely led the company through several major acquisitions.
“I am very pleased that Steve has accepted the Board’s request to take on the role of CEO, effective immediately. After spending the last seven years building LumaSense into a global leader of Sensing Solutions, it is fortunate that we have a leader of Steve’s caliber to continue to grow the company,” said Mr. Joshi. “As we enter 2013, LumaSense is in better position than ever to achieve our mission of reducing global waste and inefficiency; a problem estimated in excess of $1 trillion annually. Steve has the right skills and experiences to lead the company to the next level.”
“First, I am honored and excited to take on this challenge,” said Mr. Abely. “Vivek has assembled a great team of people and suite of products and solutions. The foundation Vivek established gives me confidence that we will grow LumaSense and empower our customers to reduce waste and inefficiency in their businesses.”
About LumaSense Technologies™
LumaSense Technologies, Inc., is one of the world’s most trusted providers of innovative temperature and gas sensing devices. LumaSense’s resource-intensive customers in Global Energy, Industrial Materials and Advanced Technologies harness their Industrial Big Data using the company’s proven systems, software and platforms to detect, reduce and prevent waste and inefficiency. LumaSense LS6 sensor systems and LumaSpec software solutions awaken industrial 6th Sense that empowers customers to achieve progressive and lasting performance gains. With offices in Asia, Europe and the Americas, LumaSense serves many of the world’s largest industrial companies. For more information about LumaSense Technologies, visit www.lumasenseinc.com .
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