Recently, top executives at several lighting companies have resigned en masse—what’s going on in the lighting industry?

Urgent announcement: Over the past two weeks, numerous companies in the lighting sector and its supply chain have successively issued executive resignation notices. Key positions such as president, CFO, and board secretary have seen a flurry of leadership changes—what’s really going on in the lighting industry?

Recently, a wave of executive departures has swept through the lighting industry and related supply chains. In just the first half of August, companies including Dehao Runda, Canrui Technology, Dio Micro, Lianchuang Optoelectronics, Hangke Optoelectronics, Biwater, and Fuman Micro have collectively disclosed a series of executive reshuffles, affecting top roles such as president, vice presidents, general managers, deputy general managers, CFOs, and board secretaries.

Specifically, Feng Ling, CFO of Dehao Runda, has resigned but will remain with the company in other capacities; Hao Shouchao has been appointed Senior Deputy General Manager, and Qiang Yuanyuan has taken over as the new CFO. At Dio Micro, Vice President and Board Secretary Chen Yue stepped down upon completion of his term, with Wang Jianbo assuming the role of board secretary.

At Canrui Technology, General Manager Luo Jie resigned for personal reasons but will continue to serve in a core technical capacity.

At Lianchuang Optoelectronics, President Wu Rui resigned while retaining his position as chairman.

At Hangke Optoelectronics, Deputy General Manager and Head of Finance Fei Bo stepped down but will stay on to oversee financial operations. Meanwhile, Biwater appointed Liu Yue as CFO; former CFO Zhang Long had already left in June. At Fuman Micro, Board Secretary Luo Qiong resigned due to a change in work responsibilities but will remain as a director, deputy general manager, and CFO, with Hu Jiangdie taking over as board secretary.

Old Hong believes that the concentrated succession of executive changes within a single month is no mere coincidence. The frequent reshuffling of critical roles like CFO, general manager, and board secretary suggests that companies in the lighting sector and its supply chain are undergoing a deep round of organizational restructuring and strategic realignment. When industry growth slows and profit margins come under pressure, firms often turn to leadership turnover as a way to unlock new avenues for growth.

Beyond this, Old Hong notes that these executive transitions exhibit a clear pattern: many executives step down from their core management posts yet remain with the company in other capacities. This “step-down, not out” approach underscores both the company’s commitment to retaining top talent and its preference for internal optimization over external recruitment—a prudent strategy in today’s business environment.

Do you agree with Old Hong’s perspective? We welcome your thoughts in the comments section.

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This article originally appeared on the Old Hong on Lighting WeChat official account, authored by Hong Bing.