Philips Chief Design Officer, Stefano Marzano, to leave the company for retirement

Amsterdam, the Netherlands – Royal Philips Electronics (NYSE: PHG, AEX: PHI) today announced that after twenty years of leading the Design group within Philips, Stefano Marzano, Chief Design Officer, will leave the company for retirement with effect from November 1 of this year. He will be succeeded by Sean Carney, currently Chief Design Officer of Philips Consumer Lifestyle (CL), who will take up this role in addition to his CL role.



“I thank Stefano for his considerable contributions to Philips as well as the profession of Design at large,” said Frans van Houten, Chief Executive Officer of Philips. “In his twenty years leading Design for the company, Stefano has shaped a design competence and team that has been a key differentiator for the company. He is a recognized design leader and has been successful to make design integral to Philips’ mission to create meaningful innovations to improve people lives.”



“It has truly been an honor to lead the talented group of creative’s that make-up Philips Design,” said Stefano Marzano. “We have been an active partner in shaping Design, ensuring that the Design competence brings meaningful and relevant value to people, business and society.”



Both Stefano Marzano and Philips Design are widely recognized as being at the forefront of the design profession. In 2005, Business Week named him one of the four global ‘Best Leaders for Innovation’, and in 2001 he was awarded the World Technology Award for Design by the World Technology Network. In 1998, Design Zentrum Nordrhein Westfalen (Germany) selected Philips Design as Design Team of the Year.



Stefano Marzano (Italy, 1950) joined Philips in 1973 and held several influential positions within Philips throughout his career. In 1991 he took up his current position leading the global Design competence and Design team at Philips.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs about 117,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.