Philips appoints Ron Wirahadiraksa as new Chief Financial Officer

Pierre-Jean Sivignon to relinquish his position per March 31, 2011

November 29, 2010

Amsterdam, the Netherlands – Royal Philips Electronics (NYSE:PHG, AEX: PHI) today announced that Ron Wirahadiraksa, currently Chief Financial Officer at Philips Healthcare, will succeed Pierre-Jean Sivignon per March 31, 2011 as the Chief Financial Officer of Royal Philips Electronics. Mr. Sivignon, who joined Philips in 2005, is leaving for personal reasons and will pursue a career outside the company.


“Pierre-Jean has been instrumental in driving both strategic change and operational improvement within Philips,’’ said Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics. “With his skills and competence we have completed a major capital reallocation and guided the company successfully through the recent economic and financial crisis. If today, we are a much  stronger company, Pierre-Jean has been crucial to that. He is a great person to work with and I am sorry to see him leave.’’ 


“At the same time, I am very pleased that, with Ron Wirahadiraksa, we have found from our own ranks a very capable CFO, whose appointment is strongly supported, especially by incoming CEO Frans van Houten,” Mr. Kleisterlee commented.


“Philips is a great company for which to work and I have full confidence in its future and leadership team. I feel proud that we have found my successor within the company in Ron Wirahadiraksa, who knows our company well and has extensive experience in Asia and North America, most recently within our Healthcare sector,” said Pierre-Jean Sivignon, Chief Financial Officer of Royal Philips Electronics.


The appointment of Mr. Wirahadiraksa to the Board of Management  will be proposed by Philips' Supervisory Board during the next General Meeting of Shareholders on March 31, 2011.


Mr. Wirahadiraksa (Dutch, 1960) joined Philips in 1987. After working in the Netherlands, Greece, Malaysia and the U.S., he became Chief Financial Officer at LG.Philips LCD in South Korea in 1999. At that venture, as President and Chief Financial Officer he shared operating leadership as Joint Representative Director with the Korean CEO. He also helped lead the 2004 Initial Public Offering of LG.Philips LCD on the Korean and New York Stock Exchanges. He became Chief Financial Officer at Philips Healthcare in 2008.


Click here for Mr. Wirahadiraksa’s CV

Ron Wirahadiraksa

For further information, please contact:

Joost Akkermans
Philips Corporate Communications
Tel: +31 20 59 77406


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 more than 118,000 employees in more than 60 countries worldwide. With sales of US 32.3 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