Smart home solutions business sees CEO steps down after just 15 months
LightwaveRF, the Birmingham-based manufacturer of smart home solutions, has announced that chief executive officer Andrew Pearson has stepped down and left the company.
Pearson, who was only in the role 15 months, has been replaced by Jason Elliott, currently chief sales officer at energy data analytics Onzo, which provides energy data analytics to major utilities.
Elliot will make the move in the next three months. In the meantime LightwaveRF’s chief financial officer, Kevin Edwards, will become acting chief executive.
The news comes after LightwaveRF announced investment in its technology back in May 2018.
The group said it expects to launch a European partnership with Apple shortly and was buoyed by signs of real progress.
Sales for the group were fractionally down in the six months to March 2018, to £1.13m, with pre-tax losses more than doubled to £830,000.