Signify announced Wednesday that it has appointed As Tempelman as CEO, a position the new executive will assume on 1 September.
The Dutch lighting specialist announced last month that it was looking for a new CEO after its long-time boss Eric Rondolat decided to retire.
After a previous stint at Shell, As Tempelman is currently CEO of Eneco, a green energy supplier operating in the Netherlands, Belgium, Germany, and the United Kingdom.
Under his leadership, Eneco has tripled its profitability since 2020 and reduced its GHG emissions by 40% per year.
As Tempelman's appointment will be put to a vote by shareholders at an extraordinary general meeting scheduled for July.
In the meantime, CFO Zeljko Kosanovic will continue to serve as interim CEO.
On the Amsterdam Stock Exchange, Signify shares rose 0.3% on Wednesday morning in a broadly unchanged market.
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Signify N.V. is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Its Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. Signify N.V. has 29,459 employees and operates in 74 countries. The company unlocks the extraordinary potential of light for brighter lives and a better world. Net sales break down by family of products as follows:
- luminaires and lighting systems for professionals (64%): to Public, Office & Industry and Retail & Hospitality;
- LED lamps, functional domestic luminaires and connected home lighting (21.1%);
- conventional lamps and professional electronics (14.2%);
- other (0.7%).
Net sales are distributed geographically as follows: the Netherlands (8.3%), the United States (34.1%), China (6.2%), Germany (5.6%) and others (45.8%).
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