Energy Focus Hires Lesley Matt as CEO

Lesley Matt, a 12-year veteran of Cleveland-based TCP Lighting, has joined Solon, Ohio-based Energy Focus, Inc. – a leader in sustainable, energy-efficient LED lighting control systems and products for the commercial, military, maritime, and consumer markets – as CEO.

Most recently serving as Senior Vice President at TCP, Matt was responsible for developing the organization, setting strategy and objectives for the sales team, P&L responsibility for multiple channels and product categories, and overseeing day-to-day operations. Prior to TCP Lighting, she had multiple roles in marketing and product management for software, advertising, and manufacturing companies.

Steve Socolof, Chairman of the Board of Energy Focus, commented, “We at Energy Focus are honored that Lesley chose to take the helm here as the next step in her ascent in the lighting industry. Lesley has demonstrated an ability to grow a lighting business successfully in a challenging, competitive environment. She understands the opportunity that Energy Focus offers to create a leading provider of high value, healthy lighting products across commercial and military markets. Our team and Board are excited to work with her.”

Matt added, “I am confident in my ability to make Energy Focus a leading player in the industry. I believe my abilities to develop a vision, execute strategy, coach team members and be quick to a decision have been the driving forces in my success. I am thrilled to bring this skill set to my new team and am beyond excited to take this next step in my career.”

In connection with her appointment as CEO, the Board of Directors of Energy Focus approved an inducement award of stock options. Subject to the terms of the award agreement, one-fourth of the granted options will vest on the first anniversary of the grant date, and the remainder will vest in equal monthly installments thereafter over a three-year period.