Tag: Royal Philips
Philips proposes adding board members, reappointing Jakobs
March 23, 2026HME News Staff
AMSTERDAM – Ahead of its annual general meeting of shareholders on May 8, Royal Philips has proposed appointing John DeFord as a new member of the Supervisory Board. DeFord currently serves as chairman and CEO of Samothrace Medical Innovations; previously, he was the chief technology officer at Becton Dickinson. The company is also proposing the reappointment of Paul Stoffels, Herna Verhagen and Sanjay Poonen as members of the board. Marc Harrison, whose second term will expire at the end of...
Royal Philips named Global Innovator by Clarivate
January 21, 2026HME News Staff
AMSTERDAM – Royal Philips has been named a Clarivate Top 100 Global Innovator for 2026 for the 13th consecutive year. Philips is the highest-ranking medical technology company included in the report, underscoring its continued leadership in health care innovation. “Building on more than 130 years of innovation, Philips is driven by a clear purpose to deliver better care for more people,” said Roy Jakobs, CEO of Royal Philips. “Our innovations help...
Philips says it’s maintaining momentum with third quarter results
November 4, 2025HME News Staff
AMSTERDAM – Royal Philips’ Connected Care business, which includes Sleep & Respiratory Care, saw comparable sales growth of 5.1% in the third quarter of 2025.
Adjusted EBITA margin improved 410 bps to 11.4%, driven by increased sales and productivity, partially offset by tariffs.
The company, as a whole, saw sales of EUR 4.3 billion for the third quarter of 2025, a 3% comparable increase.
Other results for the Group:
Comparable...
FDA warns Philips of violations at facilities making ultrasounds, medical systems
October 29, 2025HME News Staff
WASHINGTON – The U.S. Food and Drug Administration (FDA) has sent Royal Philips CEO Roy Jakobs a warning letter saying the devices made at three of its facilities are adulterated and fail to conform with current good manufacturing practice requirements. The facilities are:
Philips Ultrasound in Bothell, Wash.;
Philips Ultrasound in Reedsville, Pa.; and
Philips Medical Systems in Eindhoven, the Netherlands
The...
Philips marks new chapter in mission to create better care
October 20, 2025HME News Staff
AMSTERDAM – Royal Philips hosted Her Majesty Queen Máxima of the Netherlands on Oct. 16 for a ceremony marking the official opening of the company's new global headquarters in Amsterdam. During the ceremony, which was attended by health care changemakers and leaders, policymakers and employees, Philips showcased a range of health technology innovations that are making global impact, from imaging and image-guided therapy systems to smart monitoring and personal health solutions. “At...
Philips to repurchase shares
June 4, 2025HME News Staff
AMSTERDAM – Royal Philips will repurchase up to 6 million shares to cover certain of its obligations arising from its long-term incentive plans. At the current share price, the shares represent an amount of up to approximately EUR 125 million. The repurchases will be executed through one or more individual forward transactions to be entered into in the course of the second and third quarter of 2025, in accordance with the Market Abuse Regulation and within the limits of the authorization granted...
Royal Philips proposes new CFO
February 29, 2024HME News Staff
AMSTERDAM – Royal Philips has proposed appointing Charlotte Hanneman as a member of the board of management, fulfilling the role of CFO effective Oct. 1, 2024. The proposal will be submitted to the Annual General Meeting of Shareholders (AGM) scheduled for May 7, 2024. Hanneman will join Philips as a member of the company’s executive committee on June 1, 2024, to start her induction and transition into the role, succeeding current CFO Abhijit Bhattacharya. Bhattacharya has been CFO and...
Royal Philips proposes board members
February 21, 2024HME News Staff
AMSTERDAM – Royal Philips has proposed re-appointing Chairman Feike Sijbesma and Peter Löscher as members of the supervisory board and to appoint Benoît Ribadeau-Dumas as new member of the supervisory board to the Annual General Meeting of Shareholders (AGM), which will be held May 7, 2024. Sijbesma has been a member of the supervisory board since 2020 and chairman of the supervisory board since May 2021. He is also the chairman of the corporate governance and nomination & selection...
Philips gets new long-term investor
August 14, 2023HME News Staff
AMSTERDAM – Royal Philips has announced that Exor, a diversified holding company based in the Netherlands, has bought a 15% shareholding in the company.
As a result, Exor, which has a net asset value of about EUR 33 billion, will nominate one member to the company's Supervisory Board.
“Exor’s investment in Philips, their long-term outlook and increased focus on healthcare and technology, fit well with our strategy and substantial value creation potential,”...
Royal Philips named a ‘best employer for women’
August 3, 2023HME News Staff
CAMBRIDGE, Mass. – Royal Philips has earned a spot on the Forbes 2023 “America’s Best Employers for Women” list. This is the third year that Philips has appeared in the ranking, which includes only 400 organizations across the country, and this year, it climbed more than 250 positions. “We are proud of the culture we have created at Philips, adopting practices to enrich the experiences of our employees,” said Sonam Lalwani, head of diversity, inclusion and well-being,...