This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Philips Lighting Re-Aligns North American Organization

SOMERSET, N.J., Jan. 25, 2013 (GLOBE NEWSWIRE) -- As part of the company's continuous efforts to give customers meaningful lighting solutions, while providing exceptional service, Philips Lighting will be further realigning its North American business sales and operations around a solution-selling approach. These efforts will give partners and customers access to the full suite of Philips' industry-leading lighting products through a centralized organization that will accelerate their own ability to service customers.  

Philips has recognized the changing trends in lighting and how they are affecting customers from the demographic and population shift to urban areas, the rise of energy costs, to the contribution of lighting to energy use in buildings. These changes are forcing customers to better understand the impact of lighting and the solutions that can meet their lighting needs.

Over the last few years, the company has completed a number of strategic acquisitions that have helped lay the foundation for its holistic approach around LED lighting. These businesses capture value in specific market segments and allow the company to offer total solutions, while leveraging the expertise and offerings from over 20 brands. By combining all of the assets in the Philips portfolio, including user insights and a commitment to research and development (R&D) that has led to innovative products such as Philips hue, Philips is uniquely positioned to make a difference in the segments the company serves.

The new organizational changes include:

  • A single point-of-contact with dedicated lighting expertise
  • Fast and accurate answers from functional subject matter experts
  • Consolidated order status visibility across all business sectors, as well as reducing duplication of paperwork – one quote and purchase order across Philips lighting products
  • Centrally led Sales and Customer Support team providing one point of contact to the customer
  • Sales Support center to streamline non-customer facing activities
  • Customer Fulfillment Center to provide continuity across back-end business processes
  • Smaller geographical zones allowing for a closer relationship with local customers

"As a company, our goal is to not only be a leader in innovation, but to be a trusted partner, ultimately providing our customers with the best possible solution and experience," said Bruno Biasiotta, president and CEO of Philips Lighting North America.  "These new initiatives will allow us to be more responsive in supporting customers while giving them the flexibility to get best-of-breed-products or a complete lighting solution from us based our their unique needs."

Stock quotes in this article: PHG 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs