[PRESS RELEASE] July 25, 2023 – Irvine, CA – Magnitude Lighting Announces Transition of CEO and Welcomes New Chief Executive Officer, Michael Bremser, PhD.
Magnitude Lighting, a leading designer and developer of LED power technology, strategically focused on LED drivers and transformers for commercial and residential applications, is excited to announce the transition of its CEO position after five successful years under the leadership of Walter Simson. Mr. Simson will be actively supporting this planned transition to ensure a seamless handover of responsibilities.
The company is thrilled to welcome Dr. Michael Bremser, PhD, as the new Chief Executive Officer, effective July 17, 2023. Dr. Bremser brings a wealth of experience and expertise, with over twenty-five years in the lighting industry, having previously served as the President of Tempo LED Lighting. His impressive background and accomplishments make him an invaluable addition to the Magnitude Lighting team.
Expressing his enthusiasm for this transition, Marcos Jorge Leon, Chairman of Magnitude Lighting, stated, “We are grateful to Walter Simson for his guidance during his tenure and extend a warm welcome to Dr. Michael Bremser as our new CEO. Dr. Bremser’s remarkable track record of success and extensive knowledge of the industry make him the ideal candidate to lead the company into its next phase of growth. We firmly believe that Dr. Bremser’s visionary approach, coupled with his unwavering passion for innovation, will further strengthen Magnitude Lighting’s position as a market leader.”
In response to his appointment, Dr. Michael Bremser shared his excitement and commitment to Magnitude Lighting’s expansion plans, stating, “I am honored to join Magnitude Lighting as the new CEO during this exciting time of growth. I am grateful for the opportunity and eager to contribute to the company’s success. Together with the talented team at Magnitude Lighting, we will drive innovation and deliver exceptional LED power solutions that meet and exceed the needs of our customers.”
The entire team at Magnitude Lighting welcomes Dr. Bremser’s vision for expansion and is dedicated to supporting his leadership in realizing the company’s goals and remains committed to providing top-quality products and service to their customers while actively exploring new opportunities for growth and market development.