EXCLUSIVE–Must Credit EdisonReport.
EdisonReport can confirm that Advanced Lighting Technologies, Inc. (“ADLT”) named Shawn Toney, formerly of LSI and Pinnacle Lighting, Executive Chairman of the Board, in connection with its recent restructuring. Oddly, there is no mention of this announcement on the ADLT Corporate Governance page of their website and we have not been able to find any press release. Shawn’s Linked In account still shows him in the position of President at Pinnacle Architectural Lighting. His position was announced at an internal All-Hands meeting earlier this month.
Sabu Krishnan will remain the Chief Operating Officer and President of both ADLT and Venture Lighting International. Managing Director Keith Price, who has been responsible for Sales, has retired and Mark D’Antonio has taken over that role.
We are told that Saratoga Partners, which has been the money behind ADLT, is out.