Signify delivers update on CEO succession process; CFO Željko Kosanović appointed interim CEO

Core Points - Signify has announced the appointment of Željko Kosanović as interim CEO following the resignation of CEO Eric Rondolat after the Annual General Meeting of Shareholders [1][2] - The Supervisory Board is currently reviewing both internal and external candidates for the permanent CEO position, with an expectation to conclude the process next month [1] - Gerard van de Aast, Chair of the Supervisory Board, expressed confidence in Kosanović's ability to lead the company during this transition period, highlighting his extensive experience and knowledge of the business [3] Company Overview - Signify is recognized as the world leader in lighting, serving professionals, consumers, and the Internet of Things, with sales of EUR 6.1 billion in 2024 and a workforce of approximately 29,000 employees [4] - The company operates in over 70 countries and is featured in the Dow Jones Sustainability World Index, holding an EcoVadis Platinum rating, which places it in the top one percent of assessed companies [4] - Signify's global brands include Philips, Philips Hue, WiZ, Interact, ColorKinetics, Dynalite, Telensa, Signify myCreation, Signify BrightSites, NatureConnect, and Trulifi [5]