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Aug 24, 2018

Roy Jakobs to succeed Egbert van Acht as Chief Business Leader of Philips Personal Health businesses

Amsterdam, the NetherlandsRoyal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that Roy Jakobs, who currently leads Philips’ Domestic Appliances business group, will succeed Egbert van Acht as Chief Business Leader of Philips’ Personal Health businesses, effective October 1, 2018. In this role, Mr. Jakobs will join Philips’ Executive Committee and report to CEO Frans van Houten. Mr. Van Acht, who joined Philips in 2002, has decided to leave Philips to pursue other career opportunities.

 

“I want to thank Egbert for his valuable contributions to our company over the past 16 years, most recently his leadership of our Personal Health businesses,’’ said Frans van Houten, CEO of Royal Philips. “Although we will miss him, we respect Egbert’s decision to leave Philips to take a different course in his career. On behalf of Philips’ Executive Committee, I would like to wish him all the best with his next steps. At the same time, I am pleased to announce Roy Jakobs as his successor from within the company. Roy has extensive global experience and a track record of accomplishments in strategy, innovation, new business development, and marketing and sales. I am convinced that Roy’s leadership and deep industry knowledge will enable him to ensure that Philips’ Personal Health businesses continue to deliver on their strategy to provide integrated, connected solutions that support healthier lifestyles and those living with chronic disease.”  

 

Mr. Jakobs (Dutch/German, 1974) joined Philips in 2010 and held various management positions, including the role of Chief Marketing Officer for Philips’ former lighting businesses and Market Leader for Philips Middle East & Turkey. Since 2015, Mr. Jakobs has led the Domestic Appliances business group at Philips from Shanghai, China, and since 2017 from Amsterdam, the Netherlands. In this role, he has led a global team of more than 5,000 employees. Prior to his career at Philips, Mr. Jakobs held various management positions at Royal Dutch Shell and Reed Elsevier. He holds a master degree in Business Administration from the Radboud University Nijmegen and the Università degli Studi di Bologna, Italy.

 

Under Mr. Jakobs’ new leadership the Personal Health businesses remain committed to delivering sustained mid- to high-single-digit comparable sales growth and high teens Adjusted EBITA margin. Philips’ Personal Health businesses generated approximately EUR 7.3 billion in sales in 2017. 

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2017 sales of EUR 17.8 billion and employs approximately 75,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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Forward-looking statements

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

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Steve Klink

Steve Klink

Philips Group Press Office

Tel: +31 6 10888824

Ksenija Gonciarenko

Ksenija Gonciarenko

Philips Investor Relations

Tel: +31 20 59 77055

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