Philips proposes Orit Gadiesh as new member of its Supervisory Board

February 10, 2014

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that its Supervisory Board will propose to the General Meeting of Shareholders (AGM) to appoint Ms. Orit Gadiesh as a new member of the Supervisory Board upon the closing of the 2014 AGM on May 1, 2014. If the AGM accepts the proposal, Philips’ Supervisory Board will consist of nine members, including three women, with five nationalities.

 

“Philips is very fortunate to be able to benefit from the international experience and expertise of Orit Gadiesh,” said Jeroen van der Veer, Chairman of Philips’ Supervisory Board. “Ms. Gadiesh’s outstanding career has given her in-depth knowledge of marketing and technological developments, particularly in North America. Her expertise will be invaluable, particularly as Philips transitions towards a technological company focused on integrating big data in innovative products and new services and solutions.”

 

Ms. Gadiesh (Israeli/American, 1951) is currently Chairman of Bain & Company, which she joined in 1977. Ms. Gadiesh is a graduate of Hebrew University of Jerusalem, with a bachelor's degree in psychology. In 1977 she finished her MBA at Harvard Business School as Baker Scholar, and was also awarded the Brown Award for most outstanding marketing student.

 

Ms. Gadiesh is a member of the Foundation Board of the World Economic Forum (WEF) and its International Business Council. She is also member of the International Advisory Board of the Atlantic Council of the United States, and the Advisory Board for the British-American Business Council. Additional to that she serves as the chairman of the International Business Leaders’ Advisory Council for the Mayor of Shanghai (IBLAC).

 

For more information about Philips’ Supervisory Board, please follow this link. 

 

Ms Orit Gadiesh

Ms Orit Gadiesh

For further information, please contact:

Steve Klink
Philips Group Communications
Tel: +31 6 1088 8824
E-mail: steve.klink@philips.com

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About Royal Philips:

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

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