Frans van Houten is CEO and Chairman of the Executive Committee and the Board of Management of Royal Philips, a position he has held since April 2011.
He first joined the company in 1986 and has held multiple senior global leadership positions across the company, including co-CEO of the Consumer Electronics division and CEO of Philips Semiconductors.
Outside Philips, he has held a senior advisor role to the board of Dutch financial services business ING Group and has led the successful spin-off of NXP Semiconductors.
Frans is passionate about business transformation and performance management and is a long-time champion of the company’s strategic approach to innovating sustainably. Frans’ ethos is rooted in a lean entrepreneurial approach. He leads the company in its goal to make the world healthier and more sustainable and to deliver on the company’s stated goal of improving three billion lives per year by 2025.
Under his leadership, Philips’ global Accelerate! program was launched in 2011, designed to drive entrepreneurship and operational excellence and raise thelevel of competitiveness across all areas of the company. It remains the engine of the company’s results improvements today.
Frans’ team has led the company into the next decisive phase of its transformation: the separation of Royal Philips, and the subsequent creation of two world-leading, fit for purpose businesses in Lighting and HealthTech, announced in 2014. This was effectuated with the flotation of Philips Lighting on the Euronext stock exchange on May 27, 2016; the same month that Philips celebrated its 125 year anniversary. The move establishes Philips at the heart of a EUR 140+ billion HealthTech market opportunity and EUR 65+ billion Lighting market opportunity.
Frans is also credited for his portfolio management, such as the sale of the TV business in 2012, the acquisition of US image-guided therapy leader, Volcano, and fostering emerging businesses such as Horticulture, Digital Pathology and Health informatics.
He holds a Master’s degree in Economics and Business Management from the Erasmus University in Rotterdam and is a member of the European Round Table of Industrialists.
Married with four children, Frans enjoys sailing, skiing, running and art. He lives in Amsterdam.