GlobeNewswire Inc | Mar 2, 2021 03:00AM EST

March 02, 2021

March 2, 2021

Amsterdam, the Netherlands Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that Shez Partovi will join Philips Executive Committee, effective from March 22, 2021, in order to succeed Jeroen Tas as Chief Innovation & Strategy Officer, effective from July 1, 2021. Mr. Partovi will report directly to CEO Frans van Houten and work closely with Mr. Tas to ensure a seamless transition.

Mr. Partovi (Canadian, 1967) joins Philips from Amazon Web Services (AWS), where he served as Worldwide Head of Business Development for Healthcare, Life Sciences and Medical Devices. In that role, he wasresponsible for the global AWS go-to-market strategy, charting the path for customer cloud transformation, and the adoption of artificial intelligence and machine learning. Prior to joining AWS in 2018, Mr. Partovi spent 20 years at Dignity Health, the fifth largest health system in the U.S. He started his career in 1998 as a neuroradiologist at the Barrow Neurological Institute and was in clinical practice until 2013. In addition to his medical training at McGill University in Montreal, he has post-graduate qualifications in computer science. Mr. Partovi has a passion for learning and teaching. He helped launch the Biomedical Informatics Department at Arizona State University and taught there as a clinical professor for three years.

Mr. Tas, who joined Philips in 2011 as Chief Information Officer and became Chief Innovation & Strategy Officer in 2017, has made a personal decision to assume a part-time position in Philips focused on continuation of the companys strategic business development until the end of 2022. This will allow him to spend more time on coaching digital business ventures.

Philips also today announced that Rob Cascella, currently Strategic Business Development Leader and formerly in charge of Philips Diagnosis & Treatment segment, will step down from the Executive Committeeas planned, effectivefrom April 1, 2021,to begin the process of retiring from the company. Mr. Cascellahas agreed toact as a special advisorto Philips strategic business development projectson a part-time basisuntil the end of 2021.

On behalf of Philips Executive Committee, I am very pleased to welcome Shez Partovi as our new Chief Innovation & Strategy Officer, said Frans van Houten, CEO of Royal Philips. Shez brings deep healthcare and informatics experience to Philips, which will be highly relevant as we accelerate the transition to becoming a solutions leader, leveraging deep clinical insights and big data analytics. I want to thank Jeroen and Rob for their very valuable contributions to the transformation of our company. Jeroen played a very important role in inspiring and executing our strategy for digital health and healthcare informatics, while Rob has contributed a wealth of experience and successfully shaped our Diagnosis & Treatment segment.

Additional information on Philips Executive Committee can be found here.

For further information, please contact:

Ben ZwirsPhilips Global Press OfficeTel.: +31 6 1521 3446E-mail: ben.zwirs@philips.com

Derya GuzelPhilips Investor RelationsTel.: +31 20 59 77055E-mail: derya.guzel@philips.com

About Royal PhilipsRoyal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 19.5 billion and employs approximately 82,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

-- Shez Partovi -- Jeroen Tas -- Rob Cascella