Van Houten News
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Royal Philips Electronics NV Chief Executive Officer Frans van Houten said the consumer unit’s first double-digit sales gain in seven quarters shows that his strategy of adapting products to local needs is working.
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Royal Philips Electronics NV reported first-quarter profit that missed analysts’ estimates on declining sales at its lighting and health-care businesses.
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Royal Philips Electronics NV boosted Chief Executive Officer Frans van Houten’s total compensation to 3.4 million euros ($4.5 million) as his revamp of the world’s largest lighting manufacturer boosted earnings.
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Royal Philips Electronics NV said it sees opportunities for additional cost savings of 1 billion euros ($1.29 billion) between 2014 and 2016 by simplifying the process of making products.
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Frans van Houten starts as chief executive officer of Royal Philips Electronics NV today with the challenge of turning around the 3 billion-euro ($4.2 billion) television business, a task that eluded his predecessor.
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Royal Philips Electronics NV , the world’s biggest maker of patient-monitoring system, named company veteran Frans van Houten as chief executive officer to succeed Gerard Kleisterlee .
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ING Groep NV, the biggest financial-services company in the Netherlands, said Dutch rules capping remuneration for top banking executives have created a gap with peers that threatens the lender’s prospects.
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Royal Philips Electronics NV is pushing growth in emerging markets such as China, Russia and Indonesia amid a European slowdown.
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Any one of the toothy ghouls you spot on Halloween night could be clients of a Paris-based fangsmith named Father Sebastiaan van Houten .
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Royal Philips Electronics NV, 50 years after unveiling the compact cassette for music mixtapes, agreed to sell its audio and video unit to focus on more profitable cancer scanners and energy-savings light bulbs.
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