Philips CEO reconfirms strategic direction to market at annual EPG conference in Florida
Longboat Key, Florida, USA – Today, Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics (NYSE: PHG, AEX: PHI), will be giving a presentation at the Electrical Products Group 2007 Annual Spring Conference organized by Morgan Stanley in Longboat Key, Florida, USA, in which he will update the market on Philips’ continuing transformation into a healthcare, lifestyle and technology company.
In his presentation, Mr. Kleisterlee will discuss how Philips has evolved into a simpler, more focused company with a portfolio of operations focused on value creation and sustainable growth. Mr. Kleisterlee will also discuss recent acquisitions, and will elaborate on the company’s growth strategy going forward, including the ongoing reallocation of capital.
At the conference, Mr. Kleisterlee will also re-confirm that Philips is on track to meeting its EBITA-target, which is to exceed 7.5% of sales in 2007.
The presentation starts at 8:15 AM local time, or 14:15 PM Amsterdam time (CET), and will be available via audio webcast. Please click here to listen to this webcast.
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