Current CEO Steve Rusckowski to leave the company

Amsterdam, the Netherlands – Royal Philips Electronics (NYSE: PHG, AEX: PHI) today announced the appointment of Deborah DiSanzo as Chief Executive Officer of Philips Healthcare and member of its Executive Committee, with effect from May 1, 2012. Mrs. DiSanzo will succeed Steve Rusckowski, who will leave the company per April 30, 2012.

“I’m happy that with Deborah DiSanzo we have found a strong leader for Healthcare within our own organization,” said Frans van Houten, Chief Executive Officer of Philips. “Deborah has a proven track record within the healthcare industry and has grown the Patient Care and Clinical Informatics (PCCI) business to become the global market leader in patient monitoring.”

“At the same time I thank Steve for his long-term contribution to Philips,” Van Houten continued. “During his leadership of our Healthcare sector, Philips strengthened its position in the industry in growth geographies and through targeted acquisitions such as in Home Healthcare. Steve has been a great supporter and I regret to see him go. I wish him all the best in his new role.”

”I look very much forward to become a member of the Philips Executive Committee and CEO of Philips Healthcare,” said Mrs. DiSanzo. “We have a strong foundation and are well positioned to grasp growth opportunities for Philips Healthcare in all phases of the care cycle, driven by our strong and meaningful innovation.”

“After more than ten years with Philips, I am ready to take on a new challenge in the healthcare industry,” said Steve Rusckowski, Chief Executive Officer of Philips Healthcare. “I’m proud of all the people within the Healthcare sector that grew our business into one of the leading medical device players. I am pleased that Deborah DiSanzo is succeeding me and I’m confident that Philips Healthcare under her leadership will further strengthen its position.’’

Mrs. DiSanzo, born in 1960 in the United States, joined Philips in 2001 when Philips acquired Agilent’s Healthcare Solutions Group. She became General Manager of Patient Monitoring in June 2006 and CEO of Healthcare Informatics and Patient Monitoring in June 2008. In April 2010, Deborah DiSanzo became CEO of Patient Care and Clinical Informatics (PCCI).

Mr. Rusckowski, born in 1957 in the United States, joined Philips in 2001 when Philips acquired Agilent’s Healthcare Solutions Group. In November 2006, he became Chief Executive Officer of Philips Healthcare.