Tag: Roy Jakobs
Philips now has ‘clarity’ to rebuild
January 31, 2024Liz Beaulieu, Editor
AMSTERDAM – With a consent decree nearly finalized and a more streamlined product portfolio, Philips believes its sleep and respiratory care business “bottomed out” at EUR 1 billion in revenues for 2023 and will "build back from there,” says CEO Roy Jakobs.
The company announced on Jan. 29 that it has agreed on the terms of a consent decree with the U.S. Food and Drug Administration related to Philips Respironics and its recall of certain sleep and respiratory...
Philips recall update: Call-out, lawsuits, consent decree
April 28, 2023Liz Beaulieu, Editor
AMSTERDAM – Philips has clarified that, as of April 14, it has produced 2.8 million new devices and repair kits for the U.S. market, of which 2.2 million are in the hands of DME providers and patients.
The company is working to get the remaining devices and kits to providers and patients in the second quarter, said CEO Roy Jakobs during a conference call on April 24 to discuss the company’s financial results for the first quarter of 2023.
“What the call-out...
Royal Philips recognized as global innovator
February 16, 2023HME News Staff
AMSTERDAM – Royal Philips has once again been recognized as a Clarivate Top 100 Global Innovator for the 10th consecutive year. Clarivate Analytics measures excellence focused on consistency and scale in innovativeness. “Our innovations empower people to take care of their health and well-being and help doctors and nurses to provide better, more sustainable and more convenient care,” said Roy Jakobs, CEO of Royal Philips. “It’s a great honor to be recognized as a Top...
Philips provides initial details on workforce reduction
October 28, 2022Liz Beaulieu, Editor
AMSTERDAM – The largest share of the workforce reductions at Philips will likely take place in the United States, says CEO Roy Jakobs.
Overall, the company plans to reduce its workforce by about 4,000 roles globally, resulting in savings of about EUR 300 million annually.
“We will have to wait and see the impact across operations, but, of course, you will see that the highest impact is in our top four markets in terms of employee base, which would be the U.S. on top,...
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...