Bloomberg News

Philips to Change Decision-Making, Review Units, Dagblad Says

June 01, 2011

June 1 (Bloomberg) -- Royal Philips Electronics NV plans to decentralize its decision-making and will review all 400 parts of the company, Het Financieele Dagblad reported, citing an interview with Chief Executive Officer Frans van Houten.

Van Houten said a listing on a new international stock exchange in China is “at least something very interesting to look into,” the Dutch newspaper reported.

To contact the editor responsible for this story: Jurjen van de Pol at jvandepol@bloomberg.net


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