People: Koninklijke Philips NV (PHG.AS)

Mr. Frans van Houten serves as President, Chief Executive Officer and Chairman of the Board of Management and Executive Committee of Koninklijke Philips Electronics NV since April 1, 2011. His responsibilities include Strategy and business development, Communications, Internal Audit, Human Resources Management, Legal/Compliance/GBP, Marketing, Information Technology and Supply Management. Mr. van Houten started his career with the Company in 1986 in marketing and sales at Philips Data Systems and held several leadership positions within the company. He became CEO of Airvision, an in-flight entertainment startup in the United States in 1992, and was appointed vice president international sales and operations of Philips Kommunikations Industrie in Germany in 1993. In 1996 Mr. van Houten joined Philips' Consumer Electronics division for which he led the region Asia Pacific, Middle East and Africa, based in Singapore. In 2002, he became co-CEO of the Consumer Electronics division and was appointed Member of Philips' Group Management Committee in 2003. In 2004, Mr. van Houten was appointed CEO of Philips Semiconductors and in 2006 joined Philips' Board of Management until the spin out and creation of NXP Semiconductors in September of that year. Prior to re-joining Philips, Mr. van Houten was heading a project to separate ING Group's banking and insurance operations as an independent advisor to ING's management board.