Philips' new CEO will go on with the former leader's five-year stategy

According to Royal Philips Electronics, its current CEO Gerard Kleisterlee, will step down in April 2011 and will be replaced by Frans van Houten, a former Chief Executive of Philips' semiconductor business NXP, and van Houten will continue to build on the Dutch company's current strategy, seeking to benefit from an aging population, growth in emerging markets and increased awareness of energy efficiency.

Philips set out its strategy for the next five years, targeting a higher proportion of revenues from emerging markets, and continuing to focus on healthcare, lighting and consumer lifestyle products.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.