Royal Philips (NYSE: PHG, AEX: PHIA ) today announced the appointment of Brent Shafer as Chief Executive Officer of Philips North America, the company’s single largest market. In his new role, Mr. Shafer will be responsible for strengthening Philips’ culture of entrepreneurship and growing revenue and market share in the United States and Canada. He will succeed Greg Sebasky, who retired from Philips on February 3, and he will report directly to Royal Philips’ CEO, Frans van Houten. Mr. Shafer previously served as CEO of Philips’ Home Healthcare Solutions business group.
Mr. Shafer brings market and business experience to his new role through various senior leadership positions within Philips and other companies including General Electric, Hill-Rom, and Hewlett-Packard.About Royal Philips: Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter .