Health Issues Forces Philips Supervisory Board Vice Chairman to Step Down

Royal Philips recently announced that James Schiro, Vice Chairman of its Supervisory Board and Chairman of the Remuneration Committee of its Supervisory Board, will step down in order to undergo treatment after a diagnosis of multiple myeloma.

James Schiro, Vice Chairman of Supervisory Board, Philips, has resigned to receive cancer treatment. (LEDinside/Philips)

“We deeply regret the departure of Jim Schiro who has been a member of Royal Philips’ Supervisory Board since 2005, said Jeroen van der Veer, Chairman of the Supervisory Board. “Jim’s vast experience and tireless commitment made him a key member of our Supervisory Board. On behalf of our Board, I thank Jim for his invaluable contribution and wish him and his family all the best.”

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