Philips Announces CEO Succession

The current CEO will depart in October.

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Royal Philips announced that Roy Jakobs is proposed to succeed Frans van Houten as President and Chief Executive Officer, effective October 15, 2022.

The Supervisory Board and current Philips CEO have agreed that with the end of his third term in sight, the time is right for the change in leadership. After a evaluation of external and internal candidates, the Supervisory Board has unanimously decided to propose Jakobs as the next President and CEO of Royal Philips to its General Meeting of Shareholders.

Jakobs has been successful in turning around businesses in customer-focused growth organizations and has effectively strengthened the company’s Connected Care portfolio through successful acquisitions across hospital and ambulatory care settings. Since taking on responsibility for the voluntary recall notification/field safety notice for specific Respironics devices on behalf of Philips, substantial progress has been made under his leadership in the execution of the comprehensive program aimed at delivering a resolution to affected patients as fast as possible in consultation with the relevant competent authorities.