Philips appoints Deeptha Khanna as Chief Business Leader of the Personal Health businesses and Edwin Paalvast as Chief of Int...
July 16 2020 - 3:00AM
Philips appoints Deeptha Khanna as Chief Business Leader of the
Personal Health businesses and Edwin Paalvast as Chief of
International Markets
July 16, 2020
Edwin Paalvast will succeed current Chief of International
Markets Henk de Jong, who has been appointed as CEO of Philips’
Domestic Appliances business, effective August 1, 2020
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG; AEX: PHIA), a global leader in health technology, today
announced the appointment of Deeptha Khanna as the Chief Business
Leader of its Personal Health businesses, effective July 20, 2020,
and the appointment of Edwin Paalvast as Chief of International
Markets, effective August 1, 2020. Ms. Khanna and Mr. Paalvast will
become members of Philips’ Executive Committee reporting to Philips
CEO Frans van Houten.
Ms. Khanna joins Philips from Johnson & Johnson to lead its
Personal Health businesses that were temporarily led by Frans van
Houten. Mr. Paalvast joins Philips from Cisco Systems, and
will succeed current Chief of International Markets Henk de Jong,
who has been appointed as CEO of Philips’ EUR 2.3 billion Domestic
Appliances business, effective August 1, 2020. As announced in
January 2020, the Domestic Appliances business is being separated
from Philips, a process that is expected to be completed in the
third quarter of 2021.
“Against the backdrop of the COVID-19 pandemic, our purpose and
strategy to improve people’s lives through meaningful innovation
remain more relevant than ever,” said Frans van Houten, CEO of
Royal Philips. “We see significant opportunities to further
strengthen Philips’ leadership in health technology. Throughout our
markets, care delivery is accelerating towards telehealth, virtual
care and remote services directly to patients at home. And in the
personal health domain, we are seeing an accelerated shift in
priorities and buying behaviors towards online. I am pleased that
in Deeptha, with her rich consumer health and digital experience,
and Edwin, with his strong informatics and solutions expertise, we
have found the right leaders to join our team and help us unlock
Philips’ full potential.”
“Moreover, with the planned divestiture of the Domestic
Appliances business, we are completing the strategic portfolio
pivot to a health technology focus. I am convinced that Henk is the
best leader for Domestic Appliances, as this business will embark
on a new chapter in its journey to thrive and grow independent of
Philips. As a seasoned business leader, Henk possesses a great
combination of deep consumer knowledge across many countries, as
well as a passion for bringing out the best in his team.”
Deeptha Khanna (India-born Singaporean, 1976) most recently was
the global President of Johnson & Johnson’s Skin Health
business and Office of Marketing Value. Through 2015 – 2019, she
held various leadership positions in Asia and globally, during
which she successfully drove a comprehensive transformation of the
Baby Care portfolio. Prior to this, Ms. Khanna spent 17 years at
Procter & Gamble in Asia, where she held various leadership
positions in marketing. She holds a Bachelor of Science degree in
Statistics, Mathematics and Computer Science, and a Post-Graduate
Diploma in Management.
Edwin Paalvast (Dutch, 1963) joins Philips from Cisco Systems
where he was Senior Vice President Global Specialists, leading a
global sales force in specialist areas, including the Internet of
Things (IoT), networking, data center, cloud, collaboration,
cybersecurity and services. Prior to that, he held a variety of
senior roles, including that of President of Cisco Systems EMEA. He
started his career in 1986 at TNO, the Dutch Institute for Applied
Research, where he led research on High Performance Computing and
Applied Computer Science. He holds two Masters in Computer Science
and Mathematics, and a PhD in Computer Science and Physics.
Henk de Jong (Dutch, 1964) joined Philips in 1990, and after
holding various business roles in Floor Care, Coffee and Kitchen
Appliances, and leading Philips’ former Consumer Lifestyle sector
in Europe and Asia, he successfully led Philips’ Latin American
market for five years. He has subsequently led Philips’
International Markets since 2017, delivering consistent
year-on-year profitable growth and market share gains. In his new
role as CEO of Philips Domestic Appliances, Mr. De Jong will
gradually assume end-to-end management responsibility in line with
the design and timeline of the carve out process. He will continue
to report to Frans van Houten, and remain a member of the Executive
Committee.
For further information, please
contact:
Ben ZwirsPhilips Global Press OfficeTel.: +31 6 15213446E-mail:
ben.zwirs@philips.com
Derya GuzelPhilips Investor RelationsTel.: +31 20 59
77055E-mail: derya.guzel@philips.com
About Royal PhilipsRoyal Philips (NYSE: PHG,
AEX: PHIA) is a leading health technology company focused on
improving people's health and enabling better outcomes across the
health continuum from healthy living and prevention, to diagnosis,
treatment and home care. Philips leverages advanced technology and
deep clinical and consumer insights to deliver integrated
solutions. Headquartered in the Netherlands, the company is a
leader in diagnostic imaging, image-guided therapy, patient
monitoring and health informatics, as well as in consumer health
and home care. Philips generated 2019 sales of EUR 19.5 billion and
employs approximately 81,000 employees with sales and services in
more than 100 countries. News about Philips can be found at
www.philips.com/newscenter.
He will continue to report to Frans van Houten, and remain a
member of the Executive Committee.
- Henk S. de Jong - CEO Philips Domestic Appliances
- Deeptha Khanna - Chief Business Leader Personal Health
- Edwin Paalvast - Chief of International Markets
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