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Philips says CEO Van Houten to leave in October

08/16/2022

Less than a minute

2022.08.16 09:34

Philips says CEO Van Houten to leave in October
FILE PHOTO: CEO Frans van Houten from the Dutch health technology company Philips presents the company’s financial results for the fourth quarter and full year 2018, in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier

AMSTERDAM (Reuters) – Dutch health technology company Philips on Tuesday unexpectedly announced that Chief Executive Officer Frans van Houten would be replaced with company insider Roy Jakobs on October 15.

Philips over the past year has been grappling with the fallout of a massive recall of ventilators.

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08/16/2022

Less than a minute