Philips nominates Indra Nooyi for next election to its Supervisory Board

 – NETHERLANDS, Amsterdam –  Royal Philips (NYSE: PHG | AEX: PHIA), a global leader in health technology, today announced the nomination of Indra Nooyi for election as a new member of the Supervisory Board, at the next AGM to be held on May 6, 2021.

“We are very pleased to propose Mrs. Indra Nooyi as a new member of Philips’ Supervisory Board,” said Jeroen van der Veer, Chairman of the Supervisory Board of Royal Philips. “She is a proven business leader in the consumer and technology sectors, with a strong track record of delivering sustained profitable growth while doing business sustainably and responsibly. Her strategic insights will be highly valuable to Philips, as the company embarks on its next growth phase as a health technology leader, with a purpose to improve the health and well-being of people through innovation.”

About Indra Nooyi

Mrs. Nooyi is an American citizen and the former Chair and CEO of PepsiCo, a global food and beverage company with operations in over 180 countries and 2019 sales of USD 67 billion. During her tenure from 2006 till 2019, she was the chief architect of PepsiCo’s ‘Performance with Purpose’ pledge and successfully delivered sustained growth by making more nutritious products, limiting its environmental footprint, and empowering its associates and people in the communities it serves. Before she was appointed CEO, Mrs. Nooyi held various executive leadership positions, including the role of CFO. Before joining PepsiCo in 1994, Mrs. Nooyi held strategy leadership positions at ABB, a leading global technology company, Motorola, a mobile communications pioneer, and the Boston Consulting Group.

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