Philips over the past year has been grappling with the fallout of a massive recall of ventilators.
(Reporting by Bart Meijer; editing by Jason Neely)
AMSTERDAM (Reuters) - Dutch health technology company Philips on Tuesday unexpectedly announced that Chief Executive Officer Frans van Houten would be replaced with company insider Roy Jakobs on October 15.
Philips over the past year has been grappling with the fallout of a massive recall of ventilators.
(Reporting by Bart Meijer; editing by Jason Neely)
Frans van Houten is the founder of the Platform for Accelerating the Circular Economy, which was founded in 2016.
He held the title of Co-Chairman during his time there.
Mr. van Houten is also the founder of Nl2025.
Mr. van Houten's current job(s) include being the Chief Executive Officer at Philips International BV, Chairman-Supervisory Board at Stichting Erasmus Trustfonds (SET), Chairman at Castor, Independent Non-Executive Director at Novartis AG, Non-Executive Director at Vereniging Trustfonds Erasmus Universiteit Rotterdam, Independent Director at Absci Corp., and Non-Executive Director at World Expo Rotterdam 2025.
He has been a Member of the European Round Table of Industrialists since 2010.
Mr. van Houten's former job(s) include being the Chief Executive Officer of Koninklijke Philips NV from 1986 to 2022, President & Chief Executive Officer of Philips Semiconductors BV in 2006, Chief Executive Officer of Philips GmbH, Chief Executive Officer of Signify Holding BV from 2016 to 2017, Chairman & Chief Executive Officer of NXP Semiconductors NV from 2004 to 2009, President & Chief Executive Officer of Airvision LLC in 1992 to 1993, Acting Chief Executive Officer of Philips Lighting Electronics (Shanghai) Co. Ltd., CEO-Consumer Electronics Businesses Group of Philips Consumer Electronics BV from 1996 to 2004, Co-Chairman of Forum Mondial de L'Economie, Vice Chairman-Supervisory Board of Signify NV from 2016 to 2017, and Chairman-Supervisory Board of Erasmus University Trust Fund from 2014 to 2023.
He was also the VP-International Sales & Operations at PKV Vermögensverwaltung AG from 1993 to 1996.
Mr. van Houten's education history includes undergraduate and graduate degrees from Erasmus University Rotterdam, which were conferred in 1982 and 1985 respectively.
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Nl2025 | Founder |
Philips International BV
![]() Philips International BV Investment ManagersFinance Philips International BV manufactures color television sets, lighting equipment, electric shavers, color picture tubes for televisions and monitors, medical systems and components, and satellite television receiving equipment. The company is headquartered in Eindhoven, Netherlands. | Chief Executive Officer |