Bill Sims Ends Tenure As CEO Of Philips Solid-State Lighting Solutions, Jeffrey Cassis Named Successor

Following a successful run of nearly seven years marked by many achievements, Bill Sims will depart Philips Solid-State Lighting Solutions, formerly Color Kinetics, at the end of June 2008. He will be succeeded in the role of CEO by Jeffrey Cassis, currently the company's senior vice president and COO.

Under Sims' leadership, Color Kinetics achieved sustained profitability and its revenues grew 30% per year on average between 2

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