Luceco PLC
10 August 2026
10 August 2026
LUCECO PLC
APPOINTMENT OF CEO
Luceco plc ("Luceco" or the "Group"), the leading designer and manufacturer of residential and commercial electrification products and systems, is pleased to announce the appointment of Dr Thorsten Müller as its Chief Executive Officer, with effect from 1 September 2026.
Thorsten has extensive experience leading global industrial technology businesses. Most recently, he was Divisional Chief Executive in the Safety Sector at Halma plc. Prior to joining Halma in 2022, he held senior leadership roles at ABB, Osram and Bosch.
Giles Brand, Chair of Luceco, said: "We are thrilled that Thorsten will be joining Luceco as Chief Executive Officer. Thorsten has a proven track record of delivering growth and innovation at industry leading technology companies serving the lighting, electrification and energy management segments. He brings all the necessary skills and experience to drive the continued execution of our strategy to deliver compounding growth and attractive returns."
Dr Thorsten Müller commented: "I am truly excited to be joining Luceco as Chief Executive. Luceco is a business of real quality, and I am grateful for the opportunity to build on the strong foundations that the Luceco team have built.
"Luceco's premier brands, market-leading positions and exceptional people give me firm confidence in the core of the business, while the energy transition offers significant further upside that Luceco is exceptionally well placed to capture. I would like to thank the Board for the trust and open collaboration shown throughout this process, and I look forward to getting to know our people and business partners across the Group."
Thorsten will assume the role of CEO and join the Board as an Executive Director with effect from 1 September 2026, at which point, John Hornby will step down as CEO and from the Board. John will remain available to the Group in an advisory capacity.
As announced on 28 July 2026, Luceco delivered strong results in H1 2026 with continuing positive trading momentum driven by Energy Transition. The Board remains confident in achieving adjusted operating profit of more than £40m in FY26.
Notes to the Editors
Remuneration
The remuneration arrangements for Dr Thorsten Müller will be in accordance with the Directors' Remuneration Policy approved by shareholders at the 2026 AGM. Full details of his remuneration arrangements will be disclosed in the Directors' Remuneration Report for the financial year ending 31 December 2026.
There are no further matters in relation to Dr Thorsten Müller's appointment to be disclosed pursuant to the requirements of UKLR 6.4.8 (1) to (6) of the UK Listing Rules.
This announcement contains information that qualifies as inside information within the meaning of Article 7 of assimilated Regulation (EU) No. 596/2014 on market abuse as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018. The person responsible for arranging the release of this announcement on behalf of Luceco is Will Hoy, Chief Financial Officer.
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Luceco plc |
Contact |
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Giles Brand, Chair |
(Via Sodali & Co) |
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Will Hoy, Chief Financial Officer |
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Sodali & Co |
Contact |
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Pete Lambie James White Tilly Abraham |
078 5543 2699 / 079 3535 1934 |
About Luceco
Luceco plc (LSE:LUCE) is a leading designer and manufacturer of residential and commercial electrification products and systems. The Group designs and manufactures its market-leading range of wiring accessories, EV chargers, LED lighting, and portable power products at its state-of-the-art manufacturing facilities, distributing them through professional, wholesale and retail channels.
For more information, please visit www.lucecoplc.com.
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