Philips proposes to re-appoint chairman Feike Sijbesma to supervisory board

Philips announced that it proposes to re-appoint chairman Feike Sijbesma and Peter Loscher as members of the supervisory board and to appoint Benoit Ribadeau-Dumas as new member of the supervisory board to the annual general meeting of shareholders, or AGM, which will be held on May 7. Sijbesma has been a member of the supervisory board since 2020 and chairman of the supervisory board since May 2021. He is also the chairman of the corporate governance and nomination & selection committee, and member of the remuneration committee. Loscher has been a member of the supervisory board since 2020. In the past four years, he has been a member of the audit committee and the quality & regulatory committee. As announced on August 14, 2023, Philips and Exor N.V. entered into a relationship agreement, as a result of which Exor bought a 15% shareholding in the company. The relationship agreement includes Exor’s commitment to be a long-term shareholder and its right to propose one member to the supervisory voard. In accordance with the proposal that Exor has made, the supervisory board now proposes to appoint Ribadeau-Dumas as member of the supervisory board.