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Press release from Business Wire

Philips Lumileds Names Pierre Yves Lesaicherre as New CEO

Monday, January 09, 2012

Philips Lumileds Names Pierre Yves Lesaicherre as New CEO11:00 EST Monday, January 09, 2012 SAN JOSE, Calif. (Business Wire) -- Philips Lumileds today announced the appointment of Pierre Yves Lesaicherre as CEO of Philips Lumileds, effective immediately. Mr. Lesaicherre succeeds Michael C. Holt and will report directly to Philips Lighting's acting Chief Executive Officer Frans van Houten. Pierre Yves Lesaicherre, CEO Philips Lumileds (Photo: Business Wire) “Pierre Yves' tremendous experience at NXP Semiconductors, most recently as Senior Vice President & General Manager of the business lines Microcontrollers & Logic, make him uniquely qualified to lead Philips Lumileds into the new world of lighting,” said Frans van Houten. “I'm confident Pierre Yves will drive Philips Lumileds performance and actively shape the fast changing LED illumination market,” he added. “At the same time I also thank Mike Holt, Lumileds' first CEO, who for more than a decade has led the company as it invented and introduced high power LEDs and opened entirely new lighting segments. Mike is retiring to enjoy more time with his family,” said van Houten. Pierre Yves Lesaicherre joins Lumileds with more than two decades of experience in the semiconductor and component industry. He lives in Silicon Valley and speaks multiple languages including French and Japanese. Philips Lumileds is a leading provider of LEDs for illumination solutions. Its LUXEON products deliver high light output, high efficacy and a more environmentally friendly light source, demonstrating its commitment to innovation. 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 over 120,000 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. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50125948&lang=en Philips LumiledsSteve Landau, +1-408-964-2695Director of Marketing CommunicationsSteve.Landau@philips.com