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Philips to convene Extraordinary General Meeting of Shareholders to appoint Roy Jakobs as new President and Chief Executive Officer

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Amsterdam, the Netherlands – Royal Philips (NYSE: PHG) has announced an Extraordinary General Meeting (EGM) on September 30, 2022, to appoint Roy Jakobs as the new President and CEO, effective October 15, 2022. This meeting aims to solidify Jakobs' leadership following the departure of Frans van Houten. Key details about the EGM agenda are available online. Philips is recognized for its health technology focus, emphasizing integrated solutions across the health continuum, with 2021 sales of EUR 17.2 billion and a workforce of approximately 79,000 employees globally.

Positive
  • Appointment of Roy Jakobs as new CEO may provide fresh leadership and direction.
  • Philips maintains strong financial credentials with 2021 sales of EUR 17.2 billion.
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  • None.

August 18, 2022

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today convenes an Extraordinary General Meeting of Shareholders (EGM) and publishes the agenda with explanatory note. The sole purpose of the EGM is to appoint Roy Jakobs as the company’s President and Chief Executive Officer, effective October 15, 2022, as successor to Frans van Houten.

The EGM will be held at the Hotel Okura Amsterdam (Ferdinand Bolstraat 333, Amsterdam) on Friday, September 30, 2022, beginning at 09:30 am CET. The agenda with explanatory note and other information relevant for the EGM are available here.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 1521 3446
E-mail: ben.zwirs@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 79,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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FAQ

What is the purpose of the Royal Philips EGM on September 30, 2022?

The EGM aims to appoint Roy Jakobs as the new President and CEO of Royal Philips.

Who is the new CEO of Royal Philips effective October 15, 2022?

Roy Jakobs will succeed Frans van Houten as the CEO of Royal Philips.

What financial results did Royal Philips report in 2021?

Royal Philips reported sales of EUR 17.2 billion in 2021.

Where will the EGM for Royal Philips take place?

The EGM will be held at the Hotel Okura Amsterdam.

What is the stock symbol for Royal Philips?

The stock symbol for Royal Philips is PHG.

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