Plastic Logic Appoints Indro Mukerjee as CEO
Mukerjee Joins the Company as it Launches First Commercial
Product Based on its Breakthrough Plastic Electronics Technology
CAMBRIDGE, UK –
September 7, 2011 – Plastic Logic, the
pioneer and global leader in the development of plastic electronics
technology, today announced the appointment of Indro Mukerjee as
CEO. Mr. Mukerjee brings extensive executive experience from leading
global multinational,
new venture and investment--‐backed fast moving technology and
industrial companies.
He will succeed Richard Archuleta who is stepping down after leading the
company
for the past four years.
Most recently Mr. Mukerjee served as
Chairman and Chief Executive Officer of C-MAC MicroTechnology, leading the business
transformation of the international high-reliability electronics manufacturing firm
since 2006. He was previously with Philips Semiconductors BV, where he served in
a number of executive leadership positions including Executive Vice President responsible
for global commercial operations, Chief Marketing Officer and CEO of the Automotive
and RF-ID businesses.
Mr. Mukerjee’s earlier career included
being Commercial Director in the leadership team which took VideoLogic, an innovative
PC-based multimedia/ graphics venture, through a successful IPO and senior management
positions within Hitachi’s European Semiconductor Division.
Mr. Mukerjee holds a degree in Engineering
Science from Oxford University and is a graduate of the Advanced Management Program
of the University of Pennsylvania Wharton School.
“Indro brings to Plastic Logic tremendous
experience in leading global operations and manufacturing in the fast moving technology
sector just as our company undertakes the global commercialization of our products.
We were fortunate to find someone with his unique combination of talents to lead
the company in its next phase,” said Tony Illsley, Chairman of the Board of Directors
of Plastic Logic.
“I’m very excited to join Plastic Logic
and to create a global business which will inspire an industry revolution,” said
Mr. Mukerjee. “I am very impressed with the company’s unique technology and engineering
expertise, and look forward to leading it to the successful realization of its goals.”
Mr. Mukerjee will be based in Cambridge.
Plastic Logic plans to begin its initial
commercial product rollout later this year and is in the process of building its
second manufacturing plant in Zelenograd, Russia. That facility, which is planned
to be the world’s largest plastic electronics production facility, will open in
2013/2014. Groundbreaking for the Zelenograd factory is planned for later this year.
At the same time, Plastic Logic continues
to invest in the expansion of its first high-volume, state-of-the-art manufacturing
facility in Dresden, Germany, which opened in 2008, as well as its technology R&D
center in Cambridge, England and its product development hub in Mountain View, CA.
Mr. Mukerjee takes over from Richard
Archuleta who has led the company through its transformation from an applied research
organization to a product company.
“The board would like to thank Rich
Archuleta for his enormous contribution to the development of Plastic Logic which
include the opening of our first factory in Dresden, continuing advancements of
our core technology, developing our product pipeline and enabling commercial production.
We wish him every success in his next venture,” said Tony Illsley.
About Plastic Logic
Based on its revolutionary and proprietary
plastic electronics technology, Plastic Logic’s products and devices help individuals
and businesses use information more effectively. The company’s first products utilize
its groundbreaking flexible displays. Founded by researchers from Cambridge University’s
Cavendish Laboratory, Plastic Logic has grown to establish research and development
in Cambridge, United Kingdom; product development in Silicon Valley, California;
manufacturing in Dresden, Germany; and has recently started the development of a
second high--‐volume manufacturing facility in Zelenograd, Russia. The company is
backed by leading venture sources in the U.S., Europe and Asia including Oak Investment
Partners, Amadeus Capital Partners, and RUSNANO. For more information on Plastic
Logic, please go to www.PlasticLogic.com.
Media Contact:
Betty Taylor
Krause Taylor Associates (for Plastic Logic)
Phone: +1 408-470-4859
bettyt@krause-taylor.com
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Contact:
Plastic Logic GmbH
An der Bartlake 5
D-01109 Dresden
Phone: +49 (0) 351 88344-0
Fax: +49 (0) 351 88344-100
www.plasticlogic.com |
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