Philips 2007 Annual Report Download - page 108

Philips Annual Report 2007114
Group Management Committee
The Group Management Committee consists
of the members of the Board of Management
and certain key ofcers. Members other than
members of the Board of Management are
appointed by the Supervisory Board. The task
of the Group Management Committee, the
highest consultative body within Philips, is to
ensure that business issues and practices are
shared across Philips and to implement
common policies.
Hayko Kroese
1955, Dutch
Member of the GMC since February 2007;
responsible for Human Resources Management
since 2007
Corporate responsibilities: Human Resources
Management
Gerard Ruizendaal
1958, Dutch
Member of the GMC since February 2007,
Head of Control since October 2001 and
Chief Strategy Ofcer since May 2005
Corporate responsibilities: Strategy and Control
Eric Coutinho
1951, Dutch
Member of the GMC since February 2007,
Secretary to the Board of Management and
Chief Legal Ofcer since May 2006
Corporate responsibilities: Legal, Company
Secretary, Company Manual, General Business
Principles
Maarten de Vries
1962, Dutch
Member of the GMC and Chief Information
Ofcer since September 2007
Corporate responsibilities: Information
Technology
Daniel Hartert
1958, German
Member of the GMC since August 2003
and CEO Imaging Systems business since
September 2007
Corporate responsibilities: Imaging Systems
business
Barbara Kux
1954, Swiss
Member of the GMC since October 2003
and Chief Procurement Ofcer since 2003
Corporate responsibilities: Supply Management,
Sustainability
Rick Harwig
1949, Dutch
Member of the GMC and Chief Technology
Ofcer since April 2006
Corporate responsibilities: Technology
Management, Research, Applied Technologies,
Incubators, Intellectual Property & Standards,
Molecular Diagnostics, PIC Bangalore
* Member of the Audit Committee
** Member of the Remuneration Committee
*** Member of the Corporate Governance and
Nomination & Selection Committee
Board of Management
The Board of Management operates under
the chairmanship of the President/Chief
Executive Of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 re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 af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).
In connection with the creation of the
sectors Healthcare, Lighting and Consumer
Lifestyle as of January 1, 2008, Steve Rusckowski
became CEO of Healthcare as per January 1,
2008. With effect from the same date, Rudy
Provoost, CEO of the Consumer Electronics
division, has moved to the Lighting sector,
transitioning to take over as CEO from Theo
van Deursen, who will retire on April 1, 2008.
Andrea Ragnetti, CEO of DAP, became CEO
of the Consumer Lifestyle sector from
January 1, 2008.
Corporate governance
A full description of the Company’s
corporate governance structure is published
in the chapter Corporate governance
of this Annual Report.
8 Financial highlights 10 Message from the President 16 The Philips Group 62 The Philips sectors