Former Barnes & Noble CEO William J. Lynch has been named CEO of Savant Systems, replacing Robert Madonna, founder and CEO since 2005. Madonna will continue to help steer Savant in his ongoing role as the chairman of the board.
Lynch’s appointment comes at a time when Savant is expanding beyond the high-end residential market, targeting the masses with a smart-home Gateway that includes handheld remote, little black box, full Savant home automation for less than $1,000. The new system is expected to launch this spring.
“To take the innovative smart home platform the Savant team has built and refined over eight years, and be able to offer to a broader consumer audience for the first time is an incredible opportunity,” says Lynch. “Until now, the business has been concentrated in the luxury housing market. Starting this spring, we’re delighted to be able to offer incredible home automation, built upon the rigorous engineering principles that Savant established and continues to uphold, to the mass market. We look forward to working with our valued dealers to bring Savant Smart homes to millions of consumers. It’s an exciting time to be joining the company.”