Pierre Yves Lesaicherre has been named CEO of Philips Lumileds. He succeeds Michael C. Holt and will report directly to Philips Lighting's acting Chief Executive Officer Frans van Houten. Lesaicherre has worked in the semiconductor and component industry for more than 20 years, including time at NXP Semiconductors, and most recently as senior vice president and general manager at Microcontrollers & Logic.