Bowers & Wilkins: Changes at the top
After initially reported earlier this week, Bowers & Wilkins has announced changes to the leadership team at B&W Group.
Going forward, Bowers & Wilkins will have a Board which is independent of EVA Automation, the Silicon Valley start-up that acquired B&W back in 2016, although the businesses will continue to co-operate with each other where mutually beneficial.
The recent developments will have no impact on the day-to-day management and direction of B&W, the company said. The brand’s stakeholders are actively supporting its activities while it re-focuses its resources on the R&D, manufacture and distribution of premium loudspeakers, audio components and headphones.
As part of the new structure, Gideon Yu and Greg Lee are no longer leading B&W. David Duggins has been appointed to the Board as sole Independent Director, with Geoff Edwards leading the executive team in assuming responsibility for the day-to-day operation of the business.
“Overall business performance remains very good and the brand has just enjoyed one of its best-ever sales quarters,” the company said in a statement. This includes “a full order book” for its premium 800 Series Diamond loudspeakers.
As well as this, its partnerships with Philips TV, BMW, Maserati, McLaren and Volvo will continue, with several “exciting” new product launches in the months to come, B&W reported.
Despite these personnel changes, the brand said it remains committed to maintaining its UK and overseas operations, with its headquarters, R&D facility and manufacturing remaining in the UK (pictured left, the facility in Worthing on the South Coast).