Philips Talking Strategy and Performance by Frans van Houten, CEO Royal Philips - Energy Watch News


Philips Talking Strategy and Performance by Frans van Houten, CEO Royal Philips

In September 2014, Philips announced its plan to sharpen its strategic focus by establishing two stand-alone companies focused on the HealthTech and Lighting opportunities respectively. We have established a stand-alone structure for Philips Lighting within the Philips Group effective February 1, 2016. We expect to be able to announce the separation of the Lighting business in the first half of 2016, subject to market conditions and other relevant circumstances. As previously stated, we are reviewing all strategic options for Philips Lighting, including an initial public offering and a private sale. Philips is now actively engaging with other parties that have expressed an interest in the businesses and will continue to report the Lumileds and Automotive businesses as discontinued operations. https://www.annualreport.philips.com/#!/home/tab=videos

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