Philips North America Appoints Brent Shafer CEO

ANDOVER, Mass. (Feb. 4, 2014)—Royal Philips announced the appointment of Brent Shafer as chief executive officer of Philips North America, the company’s single largest market. In his new role, Mr. Shafer will be responsible for strengthening Philips’ culture of entrepreneurship and growing revenue and market share in the United States and Canada. He will succeed Greg Sebasky, who retired from Philips Feb. 3, and he will report directly to Royal Philips’ CEO, Frans van Houten. Mr. Shafer previously served as CEO of Philips’ Home Healthcare Solutions business group.