Philips Appoints CEO of Medical Systems Division
Oct 20, 2006
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Royal Philips Electronics announced the appointment of Stephen H. (Steve) Rusckowski as CEO of Philips Medical Systems, effective Nov. 1, 2006. Rusckowski will succeed Jouko Karvinen, who has been named the next CEO of Stora Enso Oyj, the global paper, packaging and forest products company. Karvinen will transfer his responsibilities as CEO of Philips Medical Systems to Rusckowski as of the same date. On Dec. 1, 2006, Karvinen will relinquish his position as member of the Board of Management of Royal Philips Electronics and leave the company. Karvinen was appointed CEO of Philips Medical Systems on Oct. 1, 2002, and became a member of the Board of Management on April 1, 2006.

Rusckowski currently has global responsibility for Imaging Systems, one of the business groups of the Medical Systems division. In addition, he plays a lead role in designing strategies to expand Philips' presence in the personal health and well-being domain. Since 1984, Rusckowski has held numerous management positions with the healthcare division of Hewlett-Packard/Agilent Technologies. He was the general manager of Agilent's Healthcare Solutions Group when Philips acquired this business in 2001.

As CEO of Philips Medical Systems, Rusckowski will report to Gerard Kleisterlee, president and CEO of Royal Philips Electronics. From Nov. 1, 2006, Rusckowski will be a member of Philips' Group Management Committee. The company's Supervisory Board will propose to the next regular General Meeting of Shareholders on March 29, 2007 to appoint Rusckowski as a member of the Board of Management as of April 1, 2007.

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