LONDON Flexible active-matrix display backplanes specialist Plastic Logic has appointed Richard Archuleta Chief Executive Officer and member of the company's Board of Directors .
He takes over from John Mills, who has been acting CEO as well as Chief Operating Officer since the departure last June of co-founder and first CEO, Stuart Evans.
Mills continues as COO and Evans is still a consultant to the Cambridge University spin-off that is making flexible e-paper displays at a plant in Dresden, Germany.
Plastic Logic (Cambridge, England) raised $100 million in financing in January to meet the costs of the plant and further development of the backplanes, that are based on polymer semiconductor materials.
Archuleta brings with him over 25 years experience in the technology industry at Hewlett-Packard, most recently as Senior Vice President. He has led multiple businesses through significant business transformations, rapid growth and international expansion in the areas of mobile computing, servers and e-commerce.
The company also said it is planning to open an n office in the next few weeks in California to drive e-paper products using its technology.
"The first application of the company’s core plastic electronics technology in revolutionary flexible displays has very exciting market potential. Plastic Logic has made amazing progress and has the backing of a first class investor base. I am delighted to be part of such a unique opportunity," said Archuleta.