Lumina, a data and artificial intelligence firm in Tampa, has revamped its executive team.
Michael Browne, a former IBM Corp. executive who joined Lumina in August as chief operating officer, was promoted to chief executive officer, effective Jan. 2. Allan Martin, a Lumina co-founder who was CEO, will become chairman of the board of directors on that date.
As part of this transition, Andy Krusen, chairman and CEO of Dominion Financial Group, will retire as chairman of the Lumina board of directors and will serve as chairman of the Lumina advisory board.
The changes position Lumina for growth in 2021, Martin said in a statement.
“Co-founding this company with Dr. Morten Middelfart has been an exciting endeavor, and one that we are still extremely passionate about. It has been an honor to work with such a talented and innovative team, and I’m thrilled to continue this journey as chairman,” Martin said. “We founded this company on the idea that technology is a force for good, and I know that Michael is the right fit for CEO as we continue our progress toward that mission and the important work Lumina is doing.”
Browne previously was a director for the IBM in the Thomas J. Watson Research Division, where he led efforts to establish strategic partnerships with IBM among companies and government organizations that specialized in the areas of artificial intelligence, advanced technologies and cloud computing.
He also served as a Rear Admiral in the U.S. Navy in submarines and in Navy leadership roles in science, technology and engineering organizations. In addition to his Navy engineering assignments, Browne also held policy positions in crisis response and sailor and family programs in support of Hurricane Katrina recovery and Wounded Warrior initiatives.
Martin, the board of directors and the leadership team at Lumina have positioned the company for success, Browne said.
“Lumina has an inspiring mission, and I’m looking forward to continuing our work of developing leaders and establishing a purpose-driven brand that helps our partners and communities protect what matters most,” he said.
Lumina, a predictive analytics company, has an artificial intelligence-driven platform, called Radiance, that helps keep people and places safe and secure through active and early detection of high-risk behavior. In September, the company announced a partnership with IBM, in a deal Lumina said would improve the speed and accuracy of its work.
Lumina was founded in 2015 and has raised about $15 million from investors, according to filings with the U.S. Securities and Exchange Commission.