New CFO for Philips Lighting

Philips Lighting has announced the appointment of Stéphane Rougeot as chief financial officer, effective 1 September 2016. Rougeot succeeds Rene van Schooten, business group leader Lamps, who, in addition to his current role, has held the position on an interim basis for nine months.

"I am very pleased to welcome Stéphane Rougeot as our new CFO," said Eric Rondolat, CEO of Philips Lighting.

"Stéphane brings impressive executive experience in financial leadership positions with major international technology companies. His background will enable him to play a key role in driving our strategy and reinforcing our leading position in the global lighting industry, while building strong and durable relationships with the investor community.

"I want to say a special word of thanks to Rene for doing double duty during the separation from Royal Philips and subsequent IPO. His leadership as acting CFO, in addition to his regular roles as member of the board of management and business group leader Lamps was pivotal to the success of the IPO."

Rougeot joins from Technicolor, a technology company serving the media industry. He was chief financial officer from 2008 to 2015, and also head of Strategy and Portfolio Management as of 2012. He was appointed deputy CEO, President Technology business group in 2015. Before Technicolor, he was group controller of France Telecom - Orange. He has also held various senior financial positions, as well as roles in investor relations and corporate communications.