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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Koninklijke Philips N.V.    PHIA   NL0000009538

KONINKLIJKE PHILIPS N.V.

(PHIA)
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PHILIPS KON : Philips appoints Deborah DiSanzo as new CEO of the Healthcare sector and member of its Executive Committee

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04/11/2012 | 04:47pm EDT

Current CEO Steve Rusckowski to leave the company

Amsterdam, the Netherlands -

"I'm happy that with Deborah DiSanzo we have found a strong leader for Healthcare within our own organization," said Frans van Houten, Chief Executive Officer of Philips. "Deborah has a proven track record within the healthcare industry and has grown the Patient Care and Clinical Informatics (PCCI) business to become the global market leader in patient monitoring."

"At the same time I thank Steve for his long-term contribution to Philips," Van Houten continued. "During his leadership of our Healthcare sector, Philips strengthened its position in the industry in growth geographies and through targeted acquisitions such as in Home Healthcare. Steve has been a great supporter and I regret to see him go. I wish him all the best in his new role."

"I look very much forward to become a member of the Philips Executive Committee and CEO of Philips Healthcare," said Mrs. DiSanzo. "We have a strong foundation and are well positioned to grasp growth opportunities for Philips Healthcare in all phases of the care cycle, driven by our strong and meaningful innovation."

"After more than ten years with Philips, I am ready to take on a new challenge in the healthcare industry," said Steve Rusckowski, Chief Executive Officer of Philips Healthcare. "I'm proud of all the people within the Healthcare sector that grew our business into one of the leading medical device players. I am pleased that Deborah DiSanzo is succeeding me and I'm confident that Philips Healthcare under her leadership will further strengthen its position.''

Mrs. DiSanzo, born in 1960 in the United States, joined Philips in 2001 when Philips acquired Agilent's Healthcare Solutions Group. She became General Manager of Patient Monitoring in June 2006 and CEO of Healthcare Informatics and Patient Monitoring in June 2008. In April 2010, Deborah DiSanzo became CEO of Patient Care and Clinical Informatics (PCCI).

Mr. Rusckowski, born in 1957 in the United States, joined Philips in 2001 when Philips acquired Agilent's Healthcare Solutions Group. In November 2006, he became Chief Executive Officer of Philips Healthcare.  

For further information, please contact:

Steve Klink

Corporate Communications

Tel: +31 20 5977 415

E-mail: steve.klink@philips.com

Joost Akkermans

Corporate Communications

Tel: +31 20 5977 406

E-mail: joost.akkermans@philips.com

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 approximately 122,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.6 billion in 2011, 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 male shaving and grooming, portable entertainment and oral healthcare.www.philips.com/newscenter.

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Financials
Sales 2020 19 850 M 22 424 M 22 424 M
Net income 2020 1 351 M 1 527 M 1 527 M
Net Debt 2020 4 003 M 4 522 M 4 522 M
P/E ratio 2020 30,6x
Yield 2020 1,99%
Capitalization 37 779 M 42 722 M 42 679 M
EV / Sales 2019
EV / Sales 2020 2,10x
Nbr of Employees 80 495
Free-Float 98,9%
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Mean consensus BUY
Number of Analysts 23
Average target price 44,03 €
Last Close Price 43,58 €
Spread / Highest target 25,2%
Spread / Average Target 1,05%
Spread / Lowest Target -21,3%
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Managers
NameTitle
Frans van Houten Chief Executive Officer
Jeroen van der Veer Chairman-Supervisory Board
Sophie Bechu Chief Operating Officer & Executive Vice President
Abhijit Bhattacharya Chief Financial Officer & Executive Vice President
Jan Kimpen Chief Medical Officer
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