2022: Appointment as CEO of Philips
On August 16, 2022, Philips announced that Roy Yakobs plans to replace Frans van Houten as president and CEO from October 15, 2022.
The Amsterdam-based company's supervisory board and CEO van Houten concluded it was time for a change of leadership as his third term in office ends. The council unanimously decided to propose Jacobs to succeed van Houten.
The move comes as the Dutch medical technology giant faces a major recall of its devices. The recall affected more than 5.5 million ventilators and CPAP, and is associated with 124 deaths from April 2021 to April 30, 2022, the FDA reports citing medical reports received.[1]
Over the years, Jacobs has held various senior positions at Philips, including Chief Marketing and Strategy Officer for Philips Lighting and Philips Market Leader for Healthcare Systems, Consumer Products and Lighting in the Middle East and Turkey. In 2018, he became the chief business leader of personal health, and at the beginning of 2020 he headed the company's work to overcome the COVID crisis. In June 2021, Jacobs took responsibility for recalling Respironics products on behalf of the company.
 | I am thrilled to be able to lead Philips to improve people's health and well-being through innovation, "Jacobs said in a news release. I am committed to laying a strong foundation for the company as a leader in healthcare technology with deep innovation and clinical expertise to meet the needs of patients and consumers today and in the future. I look forward to working with Philips teams around the world to provide a sustainable value creation trajectory for shareholders and all other stakeholders. I also want to take this opportunity to thank Frans for the trust and tremendous support he has given me over the years. |  |
An extraordinary general meeting of shareholders will be held on September 30, 2022, at which Jacobs will be formally appointed president and CEO, effective October 15, 2022. Van Houten will remain an adviser to the company and will provide support when changing CEO until April 30, 2023.[2]
Notes
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