{"id":756679,"date":"2023-05-09T12:45:52","date_gmt":"2023-05-09T16:45:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/results-of-philips-2023-annual-general-meeting-of-shareholders\/"},"modified":"2023-05-09T12:45:52","modified_gmt":"2023-05-09T16:45:52","slug":"results-of-philips-2023-annual-general-meeting-of-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/results-of-philips-2023-annual-general-meeting-of-shareholders\/","title":{"rendered":"Results of Philips\u2019 2023 Annual General Meeting of Shareholders"},"content":{"rendered":"
\n

May 9, 2023<\/p>\n

\n Amsterdam, the Netherlands \u2013 <\/strong>
\n
\n Royal Philips<\/u>
\n <\/a> (NYSE: PHG, AEX: PHIA) announced that today\u2019s Annual General Meeting of Shareholders (2023 AGM) has reappointed Abhijit Bhattacharya for a two year\u2019s term as member of the Board of Management fulfilling the role of CFO, and reappointed Liz Doherty and David Pyott as members of the Supervisory Board. With these reappointments, the composition of the Supervisory Board committees remains unchanged. <\/p>\n

Other voting items, such the company\u2019s proposed dividend of EUR 0.85 per share over 2022, [1] the proposal to reappoint EY as the company\u2019s external auditor for a term of one year starting January 1, 2024, and the proposal to appoint PricewaterhouseCoopers as the company\u2019s new external auditor for a term of four years starting January 1, 2025, as well as a number of recurring items, including the proposal to adopt the company\u2019s financial statements, [2] were also approved. Additionally, the AGM approved the advisory voting item on the 2022 Remuneration Report.<\/p>\n

Shareholders voted against the discharge of the collective members of the Board of Management. This follows the voting guidance from certain proxy advisors to signal discontent in respect of one former member of the Board of Management. <\/p>\n

\u201cFollowing the recent changes made in the Executive Committee, I am pleased that Abhijit is adding a two-year\u2019s term to his tenure as CFO, thereby ensuring continuity and enabling a smooth succession process in parallel,\u201d said Feike Sijbesma, Chairman of the Supervisory Board of Royal Philips. \u201cI am also pleased that Liz and David will continue to serve as members of the Supervisory Board and support Philips with their much-valued expertise and counsel.\u201d<\/p>\n

Mr. Sijbesma continued: \u201cWe appreciate the support expressed by the shareholders regarding current management and direction of Philips. Under the leadership of its new CEO Roy Jakobs, Philips is fully focused on implementing the plan to create value with sustainable impact for our shareholders and all other stakeholders.\u201d<\/p>\n

In January 2023, Philips CEO Roy Jakobs and his team presented the company\u2019s plan<\/u><\/a> to create value with sustainable impact. Philips is executing to plan on its three priorities to improve execution by enhancing patient safety & quality, strengthening its supply chain reliability, and establishing a simplified, more agile operating model.<\/p>\n

Additional information on the composition of the Board of Management, the Executive Committee and the Supervisory Board can be found here<\/u><\/a>. For more information about Philips\u2019 2023 AGM, please click on this link<\/u><\/a>.<\/p>\n

[1]\u00a0\u00a0\u00a0 <\/strong>Further details about the dividend can be found via this <\/em>link<\/u><\/em><\/a>.<\/em>
[2]\u00a0\u00a0\u00a0 Philips\u2019 2022 financial statements are included in its 2022 Annual Report that was <\/em>published<\/u><\/em><\/a> on February 21, 2023<\/em>. <\/p>\n

\n For further information, please contact:<\/strong>\n <\/p>\n

Ben Zwirs
Philips Global Press Office
Tel.: +31 615213446
E-mail: ben.zwirs@philips.com<\/u><\/a><\/p>\n

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com<\/u><\/a><\/p>\n

\n About Royal Philips<\/strong>\n <\/p>\n

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips\u2019 patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2022 sales of EUR 17.8 billion and employs approximately 74,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com\/newscenter<\/u><\/a>. <\/p>\n

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