Koninklijke Philips N.V.
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Registration date
15 dec 2005 - 07:19
Statutory name
Koninklijke Philips N.V.
Title
Philips announces planned top management changes
Comments
December 15, 2005
PHILIPS ANNOUNCES PLANNED TOP MANAGEMENT CHANGES
Amsterdam, The Netherlands – Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced that Philips’ Supervisory Board has decided to propose to the General Meeting of Shareholders on March 30, 2006, to appoint the current heads of the company’s five product divisions as members of Philips’ Board of Management, effective April 1, 2006.
Philips’ five product divisions are headed by:
· Mr. Jouko Karvinen (b. 1957, Finnish), CEO Philips Medical Systems
· Mr. Andrea Ragnetti (b. 1960, Italian), CEO Philips Domestic Appliances and
Personal Care, and Chief Marketing Officer, Royal Philips Electronics
· Mr. Rudy Provoost (b. 1959, Belgian), CEO Philips Consumer Electronics
· Mr. Theo van Deursen (b. 1946, Dutch), CEO Philips Lighting
· Mr. Frans van Houten (b. 1960, Dutch), CEO Philips Semiconductors
In commenting on these appointments, Gerard Kleisterlee, President and CEO of Royal Electronics, said, “The current board members and I believe it’s important we extend our circle to include the heads of the company’s five product divisions, as these colleagues play a crucial role in driving profitable growth at Philips. We look forward to working together with them as a team to meet the long-term strategic goals we’ve set for the company.”
Philips also announced that, as planned, Ad Huijser will retire from Philips’ Board of Management, effective April 1, 2006. Mr. Huijser combined his membership of the board with the role of Chief Technology Officer.
“Ad Huijser has made a significant contribution to Philips during his 35-year career with the company – in particular overseeing the company’s research activities that form the cornerstone of the advanced technologies we bring to market. We’ll miss his contribution on the board, and wish him all the best for his retirement,” Mr. Kleisterlee added.
In his role of Chief Technology Officer, Mr. Huijser will be succeeded by Rick Harwig (b. 1949,
Date last update: 02 June 2025