Philips 2006 Annual Report Download - page 14

Philips Annual Report 200614
Pierre-Jean Sivignon
1956, French
Executive Vice-President and Chief Financial Offi cer (CFO)
CFO and member of the Board of Management and the Group Management
Committee since June 2005
Corporate responsibilities: Control, Treasury, Fiscal, Mergers & Acquisitions,
Investor Relations, Information Technology, Pensions, Real Estate, Corporate
Investments, Supply Management
Pierre-Jean Sivignon graduated from the Ecole Superieure des Sciences Economiques
in Paris, where he studied economics and business administration.After graduating he
enrolled as an offi cer in the French Navy in 1978. Upon completion of his military
services, he took a position as an external auditor for the fi rm Peat Marwick Mitchell
and worked there until 1982. From 1982 until early 2001, he worked for the
Schlumberger Group, where he held a variety of positions. These included Financial
Controller for Dowell Schlumberger Oilfi eld Services (in Europe and Africa), General
Manager of the Bank & Industry Division in Paris, and Group Treasurer in Paris and
New York.In 2001, he moved to Faurecia SA, a leading supplier of automotive
equipment listed on the Paris Stock Exchange, to become its CFO.
Our leadership
The executive management of Philips is entrusted to its Board of Management
under the supervision of the Supervisory Board. The Group Management
Committee is the highest consultative body within Philips. This chapter presents
the Board of Management, the Group Management Committee and the Supervisory
Board as of December 31, 2006.
Board of Management
The Board of Management operates under the chairmanship of the President/
Chief Executive Offi cer. The members of the Board of Management have
collective powers and responsibilities. They share responsibility for the
management of Koninklijke Philips Electronics N.V. (the ‘Company’), the
deployment of its strategy and policies, and the achievement of its objectives
and results. The Board of Management has, for practical purposes, adopted a
division of responsibilities refl ecting the functional and business areas monitored
and reviewed by the individual members. According to the Company’s corporate
objectives and Dutch law, the Board of Management is guided by the interests
of the Company and its affi liated enterprises within the Group, taking into
consideration the interests of the Company’s stakeholders, and is accountable
for the performance of its assignment to the Supervisory Board and the General
Meeting of Shareholders. The Rules of Procedure of the Board of Management
are published on the Company’s website (www.philips.com/investor).
The Supervisory Board has decided to propose to the 2007 General Meeting
of Shareholders to re-appoint Mr Kleisterlee as President/CEO and member of
the Board of Management and to appoint Mr Steve Rusckowski (1957, American),
CEO of the Company’s Medical Systems division, as member of the Board of
Management, effective April 1, 2007.
Corporate governance
A full description of the Company’s corporate governance structure is
published in the chapter Corporate governance of this Annual Report
and on the Company’s website.
Gerard Kleisterlee
1946, Dutch
President/Chief Executive Offi cer (CEO) and Chairman of the Board of Management
and the Group Management Committee
President/CEO and Chairman of the Board of Management since April 2001, member
of the Board of Management since April 2000 and member of the Group Management
Committee since January 1999
Corporate responsibilities: Communications, Internal Audit, Legal, Human Resources
Management, Strategy, Technology Management, Consumer Healthcare Solutions
After graduating in electronic engineering at Eindhoven University of Technology, Gerard
Kleisterlee started his career with Philips in 1974 at Medical Systems. In 1981 he became
General Manager of Professional Audio Systems. In 1986 he joined Philips Components
and, after becoming General Manager of Philips Display Components for Europe, he was
appointed Managing Director of Philips Display Components worldwide in 1994. He
became President of Philips Taiwan and Regional Manager for Philips Components in Asia
Pacifi c in 1996. He was also responsible for the activities of the Philips Group in China from
September 1997 to June 1998. From January 1999 to September 2000 he was President/
CEO of the former Philips Components division.Gerard Kleisterlee is also Chairman of
the Supervisory Board of Eindhoven University of Technology, member of the Supervisory
Board of the Dutch Central Bank and holds an honorary doctorate from the Catholic
University of Leuven, Belgium.
6 Financial highlights 8 Message from the President 14 Our leadership 20 The Philips Group