Koninklijke Philips N.V. is managed by an Executive Committee which comprises the members of the Board of Management and certain key officers from functions, businesses and markets.
The Executive Committee operates under the chairmanship of the Chief Executive Officer and shares responsibility for the deployment of Philips’ strategy and policies, and the achievement of its objectives and results.
Under Dutch Law, the Board of Management is accountable for the actions and decisions of the Executive Committee and has ultimate responsibility for the management and external reporting of Koninklijke Philips N.V. and is answerable to shareholders at the Annual General Meeting of Shareholders. Pursuant to the two-tier corporate structure, the Board of Management is accountable for its performance to a separate and independent Supervisory Board.
The Rules of Procedure of the Board of Management and Executive Committee are published on the Company’s website (www.philips.com/investor).
A full description of the Company’s corporate governance structure is published in Corporate governance.
- Quote from Frans van Houten
Frans van Houten
1960, DutchPresident/Chief Executive Officer (CEO)Chairman of the Board of Management since April 2011View full biographyGroup responsibilities: Chairman of the Executive Committee, Sector Healthcare, Internal Audit, Information Technology, Supply Management, Marketing & Communication, Accelerate! - Overall transformation, End2End
- Quote from Jim Andrew
1962, AmericanExecutive Vice President & Chief Strategy and Innovation OfficerView full biographyGroup responsibilities: Strategy, Innovation, Design, Sustainability, Accelerate! - Resource to win
Marnix van Ginneken
1973, Dutch/AmericanExecutive Vice President & Chief Legal OfficerView full biographyCorporate responsibilities: Legal and General Secretary
1964, English/AmericanExecutive Vice President & Chief Human Resources OfficerView full biographyCorporate responsibilities: Human Resources, Accelerate! - Culture
Ronald de Jong
1967, DutchExecutive Vice President & Chief Market LeaderView full biographyGroup responsibilities: Markets, Areas & Countries (except Greater China & North America), Accelerate! - Customer Centricity
1951, AmericanExecutive Vice President & Chief Executive Officer Philips Greater ChinaView full biographyGroup responsibilities: Philips Greater China
1964, DutchExecutive Vice President & Chief Executive Officer of Philips Consumer LifestyleMember of the Board of Management since April 2011View full biographyGroup responsibilities: Sector Consumer Lifestyle, Accelerate! - Resource to Win
1966, Italian/FrenchExecutive Vice President & Chief Executive Officer Philips LightingView full biographyGroup responsibilities: Sector Lighting
1960, DutchExecutive Vice President & Chief Financial Officer (CFO)Member of the Board of Management since April 2011View full biographyGroup responsibilities: Finance, Mergers & Acquisitions, Accelerate! - Operating Model