Gideon Yu, the ex-Facebook CFO who led Eva Automation's shock acquisition of B&W in 2016, has left Bowers & Wilkins, according to company filings. Gregory Lee, who was made CEO at the end of 2019 (opens in new tab), also appears to have resigned from that role.
David Duggins has been appointed as a director of B&W Group. Duggins describes himself as a, "restructuring professional available for Board or Advisory roles in companies undergoing restructuring, re-financing or sale".
Yu and his Silicon Valley start-up, Eva Automation, were widely seen as the final piece in the jigsaw for the completion and launch of B&W's Formation wireless range, with the company helping to push the high-end system over the line following the surprise acquisition.
At the time of the takeover, Yu said: "Bowers & Wilkins brings an incredible brand, experienced and well respected team and commitment to making high-end audio equipment of unmatched quality. We at Eva share their same product vision and passion for home entertainment and look forward to creating fantastic home AV experiences together as one combined company." The company’s website claimed it was in the business of "reimagining the audio/video experience by making products that will change how people interact and think about the home".
A full range of B&W Formation products was launched in April last year – and we've been big fans, giving glowing reviews to the Formation Duo, Formation Wedge and Formation Flex.
Now it seems changes are afoot. We've reached out to Bowers & Wilkins for more details and will update our story as and when we receive a response.
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Naim, Denon, Sonos etc supply great apps, so if B&W want to play in this game they better pull finger.
And then they totally mess up by following the crowd and diversifying into making headphones, active and wireless speakers, AV soundbars, car audio, etc. Little of this new stuff is class-leading despite their claims. They should focus on what they're really good at. If they don't, their brand (and business) will be irretrievably lost.
If you want to consider your options Monitor Audio do a vast range of speakers too, but if you like B&W I would keep with them just keep an eye on the situation by reading reviews and checking the forum regularly too, when you decide to purchase also try and demo first always.