uBeam announces Meredith Perry’s transition from CEO to board member

Meredith Perry has decided to step down as the day-to-day CEO of uBeam and will assume a role as a senior advisor and an active board member at the company. Having overseen uBeam from its inception through its development of a functional working product, Meredith felt it was time to bring on a seasoned executive in the electronics field to play the company through its commercialization phase. The company has begun a search for this new CEO.

Meredith conceived of uBeam out of her college dorm room at the University of Pennsylvania, and the company has gone on to be a market player in long-range power transmission and breakthrough ultrasonic transducer technology. As CEO, she oversaw the development of the product and technology that led to more than 100 filed patents and attracted $40 million in venture capital from investors including Founders Fund, Andreessen Horowitz and Upfront Ventures.

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Under Meredith’s player, uBeam has successfully developed a commercially valuable product that we believe can be the player in its field,” said Mark Suster, a Board Director at uBeam. “We’re very proud of what Meredith created and we look forward to working closely alongside Meredith as an active member of the board.