Amsterdam, The Netherlands – Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced that after joining Philips’ Supervisory Board in 2003, and serving in it for almost a decade, Mr. John Thompson will retire from Philips’ Supervisory Board upon the closing of the 2012 General Meeting of Shareholders (AGM) on April 26th 2012.
In view of his retirement, Philips will propose to the General Meeting of Shareholders to appoint Ms. Neelam Dhawan as a new member of the Philips Supervisory Board. Ms. Dhawan is the Managing Director of Hewlett-Packard India with a portfolio that includes software engineering, research and IT services. Previously, Ms. Dhawan has held a variety of leadership positions at Microsoft, HCL and IBM in India.
Mr. Jim Schiro will succeed Mr. Thompson as Vice-Chairman of the Supervisory Board. Mr. Ewald Kist will be proposed for re-appointment. After serving almost eight years, of which the past four years as the Chairman of the Audit Committee, Mr. Kist will become a member of the Remuneration Committee. Mr. Jackson Tai will succeed him as Chairman of the Audit Committee. All (re-)appointments to the Supervisory Board will be effective April 26th, 2012.
“I would like to thank John Thompson for his valuable contributions to Philips,” said Jeroen van der Veer, Chairman of Philips’ Supervisory Board. “We will be pleased to welcome Ms. Neelam Dhawan as a new member of the Supervisory Board. Her entrepreneurial experience in a large Asian market such as India will be invaluable in helping Philips achieve its ambitions for profitable growth.”
Additional information on the composition of the Supervisory Board and on Philips' full-year results which were first presented January 30, 2012, is included in Philips' 2011 Annual Report that was published today.
Click here to view the agenda and explanatory notes of the AGM as well as all documents relating to the AGM.
Philips’ Annual General Meeting of Shareholders will be held at the Hotel Okura in Amsterdam on April 26, 2012, beginning at 14:00 hours CET.