In a recent filing with the Securities and Exchange Commission, Koninklijke Philips (AS:PHG) N.V. (NYSE:PHG, AEX: PHIA), a global leader in health technology, announced that its shareholders approved all proposals during the Annual General Meeting (AGM) held on May 8, 2025. The approved resolutions include the re-appointment of Ms. Indra Nooyi and Ms. Chua Sock Koong as members of the Supervisory Board, and the appointment of Mr. Bob White as a new member of the board.
The shareholders also re-appointed Mr. Marnix van Ginneken as a member of the Board of Management and discharged the members of both the Board of Management and the Supervisory Board from liability for their duties in the fiscal year 2024. Additionally, the AGM saw the adoption of the financial statements for 2024 and approved a dividend of EUR 0.85 per common share, which can be paid in shares or cash against retained earnings.
The Chairman of Philips’ Supervisory Board, Feike Sijbesma, expressed gratitude to David Pyott for his decade-long service and welcomed the new and re-appointed board members. Roy Jakobs, CEO of Royal Philips, highlighted the significance of the board members’ expertise and the positive impact on the company’s mission to improve health and well-being through innovation.
The full overview of the resolutions taken at the AGM 2025 can be found in the company’s official records. Philips’ 2024 financial statements are included in its Annual Report 2024, which was published on February 21, 2025. Further details about the dividend and additional information on the composition of the Board of Management, the Executive Committee, and the Supervisory Board are available to the public.
Philips, headquartered in the Netherlands, focuses on delivering personal health solutions for consumers and professional health solutions for healthcare providers. The company reported sales of EUR 18 billion in 2024 and has a workforce of approximately 67,200 employees across over 100 countries.
This information is based on a press release statement filed with the SEC.
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