Brent Shafer appointed Chief Executive Officer of Philips North America

ANDOVER, Mass.--()--Royal Philips (NYSE: PHG, AEX: PHIA) today announced the appointment of Brent Shafer as Chief Executive Officer of Philips North America, the company’s single largest market. In his new role, Mr. Shafer will be responsible for strengthening Philips’ culture of entrepreneurship and growing revenue and market share in the United States and Canada. He will succeed Greg Sebasky, who retired from Philips on February 3, and he will report directly to Royal Philips’ CEO, Frans van Houten. Mr. Shafer previously served as CEO of Philips’ Home Healthcare Solutions business group.

“Given the size and the dynamics of the North American market, and the opportunities that we see, we are taking decisive actions to boost new business development and grow faster than the market,” said Frans van Houten, CEO of Royal Philips. “In Brent we have the right leader to do just that as he brings a strong track record, both within Philips and outside of the company, of building successful businesses based on entrepreneurship and meaningful innovations.”

With more than 21,500 employees and operations at 57 major facilities in 26 U.S. states and three Canadian provinces, Philips North America focuses on serving its customers by leveraging its portfolio in Healthcare, Consumer Lifestyle and Lighting. Mr. Shafer will work closely with the North American Healthcare team, which among others offers patient care solutions for the hospital and the home, the Consumer Lifestyle team, which brings to market Philips Sonicare and Philips AVENT, and the North American Lighting business, which partners with cities, schools and building owners to improve people’s public and private environments through the implementation of energy efficient and innovative lighting solutions.

Mr. Shafer brings market and business experience to his new role through various senior leadership positions within Philips and other companies including General Electric, Hill-Rom, and Hewlett-Packard.

About Royal Philips:

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Contacts

Philips North America
Lea Armstrong, +1 978-659-3467
lea.armstrong@philips.com
or
Philips Group Communications
Steve Klink, +31 6 1088 8824
steve.klink@philips.com

Brent Shafer named CEO of Philips North America (Photo: Business Wire)

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Contacts

Philips North America
Lea Armstrong, +1 978-659-3467
lea.armstrong@philips.com
or
Philips Group Communications
Steve Klink, +31 6 1088 8824
steve.klink@philips.com