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Philips Annual Report 2007 113
98 Risk management 112 Our leadership 116 Report of the Supervisory Board 126 Financial Statements
Theo van Deursen
1946, Dutch
Executive Vice-President
Member of the Board of Management since April 2006, member
of the Group Management Committee since April 2003 and
CEO of the Lighting division since 2003
Corporate responsibilities: Lighting, Quality Policy Board, Technology
New Business Development Board
Gerard Kleisterlee
1946, Dutch
President/Chief Executive Of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
Steve Rusckowski
1957, American
Executive Vice-President
Member of the Board of Management since April 2007
and CEO of Philips Medical Systems since November 2006
Corporate responsibilities: Medical Systems, Healthcare New Business
Development Board
Andrea Ragnetti
1960, Italian
Executive Vice-President
Member of the Board of Management since April 2006, member of the Group
Management Committee since January 2003, Chief Marketing Ofcer since 2003
and CEO of the Domestic Appliances
and Personal Care division since 2005
Corporate responsibilities: Domestic Appliances and Personal Care, Global
Marketing Management, Design, Lifestyle New Business Development Board
“ What we have changed in the way we approach our
leadership is rst of all that we have required everyone
to look beyond the boundaries of his or her own activity.
“ Second, we have tried to create a culture where people
are encouraged to take calculated risks, and where failure
is not something never permitted. Failure is part of learning.
“ We have also tried to move away from big single
initiatives to smaller experimental initiatives.
“ There is no one big bang that is suddenly going to get
us into growth mode. Each of our leaders has to work
on several initiatives. Some will fail and some will succeed.
You nurture the ones that promise to be successful.”
Gerard Kleisterlee speaking to Peter Lorange,
president of IMD, in European Business Forum, spring 2007