Lighting technology company mLED has announced the appointment of a new chief executive whilst simultaneously closing its third funding round at £628k ($980k).

The Strathclyde University spin-out named Seonaidh MacDonald, formerly of IBM and Babcock International, as its chief executive. Incumbent chief executive and mLED founder Jim Bonar will give up his post to take on the new position of chief technical officer.

Nick Kuenssberg, mLED chairman, said: “Jim has been terrific but he is a technology guy and we…

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