Top dogs at Bowers & Wilkins resign
It has been reported that ex-Facebook CFO, Gideon Yu, who acquired B&W back in 2016 with Silicon Valley start-up Eva Automation, has resigned from his role as Co-Executive Chairman of the company’s Board according to company filings along with Gregory Lee, a former Samsung President who became CEO at the end of last year.
Lee said at the time: “I’m looking forward to partnering with our dedicated audio customer base to assert Bowers & Wilkins’ continued commitment to performance audio technology. The audio/video category is growing rapidly within the broader consumer electronics industry.”
When Eva Automation took over the company it spent around 18 months developing a new network for its Formation range of wireless products, which was launched in April 2019.
At the time of the takeover, Yu said: “Bowers & Wilkins brings an incredible brand, experienced and well respected team and commitment to making high-end audio equipment of unmatched quality. We at Eva share their same product vision and passion for home entertainment and look forward to creating fantastic home AV experiences together as one combined company.”
David Duggins has been appointed as a Director of B&W Group. He is a “restructuring professional available for Board or Advisory roles in companies undergoing restructuring, re-financing or sale”.
ERT approached B&W for a comment but we are still waiting to hear back.