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8 Management 8 - 8
92 Annual Report 2011
8Management
Koninklijke Philips Electronics N.V. is managed by an
Executive Committee which comprises the members of
the Board of Management and certain key officers from
functions, businesses and markets.
The Executive Committee operates under the
chairmanship of the Chief Executive Officer and shares
responsibility for the deployment of Philips’ strategy and
policies, and the achievement of its objectives and results.
Under Dutch Law, the Board of Management is
accountable for the actions and decisions of the Executive
Committee and has ultimate responsibility for the
management and external reporting of Koninklijke Philips
Electronics N.V. and is answerable to shareholders at the
Annual General Meeting of Shareholders. Pursuant to the
two-tier corporate structure, the Board of Management
is accountable for its performance to a separate and
independent Supervisory Board.
The Rules of Procedure of the Board of Management and
Executive Committee are published on the Company’s
website (www.philips.com/investor).
Corporate governance
A full description of the Company’s corporate governance
structure is published in chapter 11, Corporate
governance, of this Annual Report.
Frans van Houten
President/Chief Executive Officer (CEO)
Chairman of the Board of Management since April 2011 & Chief
Executive Officer of Philips Lighting (ad interim)
Corporate responsibilities: Chairman of the Executive Committee, Sector
Lighting, Internal Audit, Information Technology, Supply Management,
Marketing & Communication, Accelerate! - Overall transformation
Born 1960, Dutch
Jim Andrew*
Executive Vice President & Chief Strategy and Innovation Officer
Corporate responsibilities: Strategy, Innovation, Design, Sustainability
Born 1962, American
Eric Coutinho
Executive Vice-President, General Secretary & Chief Legal Officer
Corporate responsibilities: Legal, General Business Principles
Born 1951, Dutch
Ronald de Jong
Executive Vice President & Chief Market Leader
Corporate responsibilities: Markets, Areas & Countries (except Greater
China), Accelerate! - Customer Centricity
Born 1967, Dutch
Patrick Kung
Executive Vice President & Chief Executive Officer Philips Greater China
Corporate responsibilities: Greater China
Born 1951, American
Pieter Nota
Executive Vice-President & Chief Executive Officer of Philips Consumer
Lifestyle
Member of the Board of Management since April 2011
Corporate responsibilities: Sector Consumer Lifestyle, Accelerate! -
Resource to Win
Born 1964, Dutch
Steve Rusckowski
Executive Vice-President & Chief Executive Officer of Philips Healthcare
Member of the Board of Management since April 2007
Corporate responsibilities: Sector Healthcare, Accelerate! - End to end
business re-engineering
Born 1957, American
Carole Wainaina
Executive Vice President & Chief HR Officer
Corporate responsibilities: Human Resource Management, Accelerate! -
Culture and change management
Born 1966, Kenyan
Ron Wirahadiraksa
Executive Vice-President & Chief Financial Officer (CFO)
Member of the Board of Management since April 2011
Corporate responsibilities: Finance, Mergers & Acquisitions, Accelerate! -
Operating Model
Born 1960, Dutch
*In the course of 2011, Jim Andrew took over the innovation portfolio from
Gottfried Dutiné, who retired per December 31, 2011.