Philips Holds 2023 Annual General Meeting

Philips Holds 2023 Annual General Meeting
 

Amsterdam, The Netherlands – Royal Philips announces that it has held its Annual General Meeting (AGM) for 2023 and has issued an explanatory agenda.

The agenda for the AGM 2023 includes the Supervisory Board's recommendation to shareholders for approval by Philips CEO to reappoint Abhijit Bhattacharya (Indian, 1961) as a member of the Management Board for a two-year term effective 9 May 2023. Mr. Bhattacharya has been the Chief Financial Officer and member of the Management Committee since 2015.

In addition, shareholders will be advised to reappoint David Pyott (UK/US, 1953) and Liz Doherty (UK/Ireland, 1957) to the Supervisory Board with effect from 9 May 2023. Mr Pyott and Ms Doherty have been members of the Supervisory Board since 2015 and 2019 respectively.

Also on the agenda is the recommendation to reappoint Ernst & Young as the company's external auditors for a one-year term commencing January 1, 2024, and to appoint PricewaterhouseCoopers as the company's new external auditors for a four-year term commencing January 1, 2025. Year.

Finally, the agenda also includes recurring items such as the 2022 compensation report included in the 2022 annual report, as well as proposals for adoption of the company's financial statements and dividends.

The Annual General Meeting will be held on Tuesday 09 May 2023 CET at the Hotel Okura, Ferdinand Bolstraat 333, Amsterdam. The full agenda with explanatory notes, Annual Report 2022 (to be published on 21 February 2023), binding nominations and all other documents relating to the AGM have been published.