Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today convenes the 2018 Annual General Meeting of Shareholders (AGM) and publishes the agenda with explanatory notes. The agenda includes proposals to appoint Paul Stoffels and to re-appoint Orit Gadiesh as members of the Supervisory Board.
In view of Philips’ transformation to a focused health technology company and its pivot to innovative value-added integrated solutions, the Supervisory Board proposes to appoint Mr Stoffels (1962, Belgian) as a member of the Supervisory Board per August 1, 2018. Mr Stoffels has in-depth knowledge across the pharmaceutical, medical device and consumer segments and has led teams to develop transformational new medicines and healthcare solutions. Mr Stoffels is currently Chief Scientific Officer at Johnson & Johnson, where he is also a member of its Executive Committee and chair of its R&D Management Committee.
Ms Gadiesh (1951, Israeli/American) is recommended to be re-appointed in view of her in-depth knowledge of marketing, technological developments and international business, which have proven to be valuable in the way she fulfils her role since 2014 as member of the Supervisory Board and Audit Committee. Subject to her re-appointment, Ms Gadiesh will retain her current position within the Audit Committee.
The AGM will be held at the Hotel Okura Amsterdam (Ferdinand Bolstraat 333, Amsterdam) on Thursday May 3, 2018, beginning at 14:00 hours CET.
Click here to view agenda with explanatory notes, the Annual Report 2017 (which was published on February 20, 2018), the binding recommendations and other documents relevant for the AGM.