Leadership Changes AGAIN At Lighting Science Group
Jennifer Sethre To Leave LSG After Only 4 Months On The Job
Over the years, we have reported on some very high salaries at Lighting Science Group, but we hope their web designer is well paid because of the constant updates to the LSG website—not for new products, but for new people.
Yesterday, our sister site, EdisonReport.net, confirmed the departure of LSG’s president, Jennifer Sethre. Today, we have put together a spreadsheet of the revolving door of leadership.
Title |
Name |
Start |
End |
Days |
Chairman and CEO | Zach Gibler (deceased) |
Jun-07 |
Jan-11 |
1310 |
Chairman and CEO | Jim Haworth |
Apr-11 |
May-12 |
396 |
Interim CEO | Steve Marton |
May-12 |
Jan-13 |
245 |
CEO | Jeremy Cage |
Jan-13 |
Nov-13 |
304 |
Chief Restructuring Officer | Vincent Colistra |
Nov-13 |
Feb-14 |
92 |
Interim CEO | Richard Davis |
Feb-14 |
current |
|
President | Jennifer Sethre |
Feb-14 |
Jul-14 |
163 |
Rather than use exact dates to compile the report, we listed month and year. The dates came from past EdisonReport articles as well as linked-in accounts. The average stay is 418 days. But if you exclude Zach’s 1310 days, which seems to be an annomaly, then the average term drops to 240 days.
Our US Editor Randy Reid interviewed Jennifer at LIGHTFAIR 2013 and was impressed by her knowledge and her toughness. He asked her to tell him about her decision to join Lighting Science, “a troubled company.” She responded, “There you go. Look at your question. But I’ll answer it.” And she did. Then he asked, “If ‘troubled’ company is not the right word, perhaps a company in turmoil is a better description. I heard you are running out of cash.” She responded, “You heard wrong.” She was bold, emphatic, and convincing.
If Lighting Science is not running out of money, we can’t understand why there is so much turnover at the top. And although the investors are obviously displeased with this latest turn of events, what of the employees? There are some very smart, hardworking people at LSG who must be shaking their heads in despair. The troubles at LSG are bad for them and bad for our industry as a whole.
Our calls to Lighting Science Group and to Pegasus Capital, one of their primary investors, have not been returned.
18 Jul