Koninklijke Philips N.V.

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Publicatie datum 29 nov 2010 - 08:02

Statutaire naam Koninklijke Philips N.V.

Titel Philips appoints Ron Wirahadiraksa as new Chief Financial Officer

Bericht Amsterdam, the Netherlands – Royal Philips Electronics (NYSE:PHG, AEX: PHI) today announced that Ron Wirahadiraksa, currently Chief Financial Officer at Philips Healthcare, will succeed Pierre-Jean Sivignon per March 31, 2011 as the Chief Financial Officer of Royal Philips Electronics. Mr. Sivignon, who joined Philips in 2005, is leaving for personal reasons and will pursue a career outside the company. “Pierre-Jean has been instrumental in driving both strategic change and operational improvement in Philips,’’ said Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics. “With his skills and competence we have completed a major capital reallocation and guided the company successfully through the recent economic and financial crisis. If today, we are a much stronger company, Pierre-Jean has been crucial to that. He is a great person to work with and I am sorry to see him leave.’’ “At the same time I am very pleased that with Ron Wirahadiraksa we have found from our own ranks a very capable CFO, whose appointment is strongly supported, especially by incoming CEO Frans van Houten,” Mr. Kleisterlee commented. “I have found Philips a great company to work for and I have full confidence in Philips’ future and its leadership team. I feel proud that we have found my successor within the company in Ron Wirahadiraksa, who knows our company well and has extensive experience in Asia and North America, most recently within our Healthcare sector,” said Pierre-Jean Sivignon, Chief Financial Officer of Royal Philips Electronics. Philips' Supervisory Board will propose to the General Meeting of Shareholders on March 31, 2011, to appoint Mr. Wirahadiraksa as a member of the Board of Management as of April 1, 2011. Mr. Wirahadiraksa (Dutch, 1960) joined Philips in 1987. After working in the Netherlands, Greece, Malaysia and the U.S., he became Chief Financial Officer at LG.Philips LCD in South Korea in 1999. At that venture, as President and Chi

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