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Daily News

Philips Lighting CEO to Step Down at End of 2003
May 7, 2003
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Royal Philips Electronics Monday announced that Mr. David Hamill, president and CEO of Philips Lighting and member of the Group Management Committee will leave the Company as of Dec. 31, 2003.

Mr. Hamill joined Philips in 1986 and has been in charge of Philips Lighting since 2001. Since then, he has overseen 3 years of market share gains, industry leading EBIT performance, and best-in-class delivery time and inventory management.

Mr. Hamill accepted the above role on the basis of a limited period with a view to subsequently returning to the UK to rejoin his family. He has agreed to remain with Philips for a further 6 months after he steps down as CEO of Philips Lighting, working closely with the Board of Management to advance the company's performance improvement program.

Mr. Hamill will be succeeded by Theo van Deursen, currently ad-interim CEO of the Lighting Electronics business group and until recently responsible for the transition program of the Philips Components businesses.

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