Bowers & Wilkins CEO resigns, appointed restructuring expert

Gideon Yu, the former Facebook CFO who led the shock acquisition of B&W’s Eva Automation in 2016, left Bowers & Wilkins, according to company documents. Gregory Lee, who was appointed CEO in late 2019, also appears to have resigned from that role.

David Duggins has been appointed director of the B&W group. Duggins describes himself as a “restructuring professional available for adviser or consultancy roles in companies undergoing restructuring, refinancing or sales.”

Yu and her Silicon Valley start-up, Eva Automation, have been widely viewed as the final piece of the puzzle for completing and launching B&W’s wireless Formation range, with the company helping to push the end system high beyond the line after the surprise acquisition.

At the time of the acquisition, Yu said: “Bowers & Wilkins carries an incredible brand, an experienced and respected team and a commitment to making high-end audio equipment of unparalleled quality. We at Eva share the same vision of the product and passion for home entertainment and I can’t wait to create fantastic home AV experiences together as one combined company. ” The company’s website said it was in the business of “reinventing the audio / video experience by creating products that will change the way people interact and think about the home.”

A full range of B&W training products was launched in April last year – and we have been big fans, giving great reviews to Formation Duo, Formation Wedge and Formation Flex.

Now it appears that the changes are underway. We have contacted Bowers & Wilkins for more details and will update our story as we receive an answer.

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