Tag: Frans van Houten
Philips recovery will take ‘some time’
October 14, 2022Liz Beaulieu, Editor
PITTSBURGH – Philips is still in talks with the U.S. Department of Justice on a consent decree to resolve identified issues related to its recall of certain CPAP devices, company officials said during an Oct. 12 conference call with analysts to preview its financial results for the third quarter.
The consent decree is among the reasons the company said it will record a EUR 1.3 billion non-cash charge in the third quarter to address revisions to the financial forecast of its Sleep &...
Jakobs to take reins at Philips
August 16, 2022HME News Staff
AMSTERDAM – Roy Jakobs is expected to take the helm at Philips, succeeding Frans van Houten as CEO.
Van Houten is nearing the end of his third term as CEO.
"It has been both a privilege and a pleasure to lead the transformation of Philips, over the past 12 years, into one of the largest health technology companies in the world, bringing innovative solutions to help our customers deliver on the Quadruple Aim of better health outcomes, higher healthcare productivity and much...
Philips: ‘We will regain our market position’
July 30, 2021Liz Beaulieu, Editor
AMSTERDAM – Philips hosted a one-and-a-half-hour conference call on July 26 to discuss its recent financial results and all but a few questions concerned the company’s voluntary recall of certain CPAP devices and ventilators. Here are comments from CEO Frans van Houten on everything from the company’s ability to rebound to its response to civil lawsuits.
No monopolies
On the feedback Philips has received from providers and physicians on the recall: “What...