Philips Lighting’s New Name Is a Closely-Guarded Secret - Energy Watch News

Philips Lighting’s New Name Is a Closely-Guarded Secret

Philips Lighting’s new title – set to be released at the upcoming Light + Building exhibition in Frankfurt in March – is a closely-guarded secret, said to be known by only 10 people worldwide. ‘We intend to announce our new corporate name in the first half of 2018,’ CEO Eric Rondolat told the press.  The name change will come roughly two years after former parent Royal Philips sold off Philips Lighting in a stock market offering.  ‘Needless to say, we’ll continue to use the Philips brand for our product as we have a brand licence agreement for the coming decade.’ Speculation is mounting that the switch is expected to reflect the importance of IT-based lighting and services.

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