This Day On The Street
Continue to site
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

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."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs