Bowers & Wilkins announce corporate changes

Following the resignations of two senior executives at Bowers & Wilkins (B&W), the company has officially announced changes to its leadership team.

HiddenWires reported earlier this week that ex-Facebook CFO, Gideon Yu, who acquired B&W in 2016 through EVA Automation, and Gregory Lee, former Samsung president who was announced as CEO of B&W at the end of 2018 have quit their positions. 

In a statement, the audio company said: “Going forward, Bowers & Wilkins will have a Board which is independent of EVA Automation, although the businesses will continue to co-operate with each other where mutually beneficial.”

In the new structure, it has been announced that Gideon Yu and Greggory 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. 

The company has assured that recent developments will not impact the day-to-day management and direction of B&W. The statement ensures: “The brand’s stakeholders are actively supporting its activities while it re-focuses its world-class resources on the research and development, manufacture and distribution of premium loudspeakers, audio components and headphones.”

Although the company is experiencing a restructure, B&W has said that overall business performance remains very good. 

According to the statement: “The brand has just enjoyed one of its best-ever sales quarters, has a full order book for its premium 800 Series Diamond loudspeakers and has won multiple awards for many of its newly released products.”

It has also stated that there will be several new product launches in the coming months. 
 

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