Philips Announces Imminent Departure of CEO Frans Van Houten, Plans to Change Leadership
Dutch health technology company Philips on Tuesday unexpectedly announced the imminent departure of CEO Frans van Houten, in the midst of a massive product recall that has halved its market value over the past year. Philips said Van Houten would be replaced on October 15 by Roy Jakobs, head of the company’s Connected Care businesses, […]