Philips' CFO Pierre-Jean Sivignon winner of the CFO Award 2010

June 17, 2010

"Strong leader even in turbulent times"
During the ninth CFO Day at the Amsterdam Okura Hotel in the Netherlands, Pierre-Jean Sivignon, CFO of Philips, has received a CFO Special Achievement Award. The motivation of the jury to honour Sivignon with this Award is as follows; "The CFO of Philips has been a strong leader even in turbulent times. He has played an important role in recent years as CFO in shaping and realising Philips’ strategy. Sivignon made the management development of finance professionals a top priority at Philips, as a result the quality of the Finance Function was elevated to a higher level."

 

 

"He also made great personal efforts in one of his priority areas: effective interaction with financial markets. In recent years, Sivignon and his Finance Team have initiated and implemented various projects, such as the introduction of advanced financial planning instruments (scenario planning, budgets and rolling forecasts), risk management and the working capital program."

 

"Sivignon is very highly regarded in the CFO community due to his outward looking approach and constant drive to learn, share, improve and communicate. The latter has brought success to his projects and has meant that Finance plays a directional role in Philips management. This sets Finance projects at Philips apart from improvement programmes in other organisations."

 

For more information about the CFO Day and the CFO Awards, please visit: http://cfoday.nl 

For further information, please contact:

Joon Knapen
Philips Corporate Communications
Tel: +31 20 59 77477
Email: joon.knapen@philips.com.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

.