Philips proposes to re-appoint CEO Roy Jakobs

Core Viewpoint - Royal Philips proposes the re-appointment of Roy Jakobs as President/CEO, reflecting confidence in his leadership and the progress made since 2022 as the company aims for profitable growth [2][3]. Group 1: Leadership and Management - The Supervisory Board recognizes Roy Jakobs' leadership and the progress made under his tenure, particularly in navigating an uncertain macro environment [2][3]. - Roy Jakobs has established a strong foundation and enhanced financial resilience, fostering a culture focused on patient safety and quality [4]. Group 2: Financial Performance and Growth - Philips achieved EUR 2.5 billion in productivity savings, resulting in a simpler, leaner, and more agile organization [4]. - The company has restored growth, materially increased margins, and generated positive cash flow, leading to a robust balance sheet [4]. Group 3: Future Plans - Roy Jakobs will present Philips' plan to drive profitable growth and deliver sustainable value at the upcoming Capital Markets Day [4].