Philips 2012 Annual Report Download - page 70

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6 Sector performance 6.1.6 - 6.2
70 Annual Report 2012
6.2 Consumer Lifestyle
“At Consumer Lifestyle we’re making the world healthier and
more sustainable through meaningful innovation. The Accelerate!
transformation program is now showing solid results in our
sector. By planning, resourcing and managing performance by
Business Market Combination (BMC), we are driving greater
consumer intimacy, enabling us to launch more locally relevant
products. We continue to transform Consumer Lifestyle for
profitable growth, reshaping our portfolio towards health and well-
being.” Pieter Nota, CEO Philips Consumer Lifestyle
• New operating model fully in place, moving decisions
closer to markets and stimulating entrepreneurship and
speed.
• Granular approach to growth is showing solid results,
addressing local consumer needs and leveraging our
position in attractive growth geographies.
• Announced start of Television joint venture named TP
Vision, ensuring the future of the Philips brand in
Television.
• January 2013 announcement of agreement to transfer
Audio, Video, Multimedia and Accessories businesses
to Funai.