Koninklijke Philips N.V. announced that Egbert van Acht, who currently leads Philips' Health & Wellness business group, will succeed Pieter Nota as Chief Business Leader of Philips' Personal Health businesses, effective October 1, 2017. In this role, Mr. Van Acht will join Philips' Executive Committee, reporting to CEO Frans van Houten. In line with the previous announcement on July 20, 2017, Pieter Nota will resign from Philips' Board of Management and Executive Committee, per October 31, 2017, and join a listed company in another industrial sector in 2018. Philips' Supervisory Board intends to propose at an Extraordinary General Meeting of Shareholders (EGM), to be held on October 20, 2017, to appoint Marnix van Ginneken, Philips' Chief Legal Officer and member of Philips' Executive Committee, as a member of the Board of Management. The appointment of Mr. Van Ginneken is recommended in view of the important role he has played in the Executive Committee since 2014, providing valuable contributions on a wide array of subjects. His broad knowledge of Philips and his vast international corporate governance expertise make him an excellent candidate to complement the Board of Management. Mr. Van Acht (Dutch, 1965) joined Philips in 2002 from Procter & Gamble, and held various management positions including the role of Chief Marketing Officer for Philips' former Consumer Lifestyle business. Mr. Van Ginneken (Dutch/American, 1973) joined Philips in 2007, having worked at AkzoNobel and in private practice before.