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Philips Announces Key Changes to Supervisory Board and Management

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Philips Announces Key Changes to Supervisory Board and Management

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The latest announcement is out from Koninklijke Philips ( (PHG) ).

On February 19, 2025, Royal Philips announced proposed changes to its Supervisory Board and Board of Management. Mr. David Pyott will retire from the Supervisory Board after three terms, with Mr. Bob White proposed as his successor and new Chair of the Quality & Regulatory Committee. The Supervisory Board also proposes the reappointments of Ms. Indra Nooyi, Ms. Chua Sock Koong, and Mr. Marnix van Ginneken, recognizing their valuable contributions and leadership in advancing Philips’ mission to improve healthcare and drive innovation. These changes aim to strengthen Philips’ leadership and continue its focus on delivering impactful health technology solutions.

More about Koninklijke Philips

Royal Philips is a leading health technology company headquartered in the Netherlands, focused on enhancing health and well-being through meaningful innovation. The company provides personal health solutions for consumers and professional health solutions for healthcare providers, specializing in diagnostic imaging, ultrasound, image-guided therapy, monitoring, and enterprise informatics.

YTD Price Performance: 12.85%

Average Trading Volume: 572,558

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $26.36B

For an in-depth examination of PHG stock, go to TipRanks’ Stock Analysis page.

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