Frans van Houten, former CEO of semiconductor supplier NXP, has been lined-up to take over from Gerard Kleisterlee as President and Chief Executive Officer of Royal Philips Electronics on April 1, 2011.
Kleisterlee will retire from Philips on the same day and the appointment of will be proposed to the Philips Annual general meeting of its a shareholders on March 24, 2011.
Van Houten is currently leading the project to separate ING Group’s banking and insurance operations as an independent advisor to ING’s management board.
He was a member of Philips’ board of management until September 2006 when he led the spin out of Philips Semiconductors and the creation of NXP Semiconductors as an independent global company.
Philips say he will re-join Philips on October 1, 2010 and will assume the position of Chief Operating Officer as of January 1, 2011, working closely with Kleisterlee to ensure a smooth transition.
“I am happy to see Frans return to our company,” said Kleisterlee, “Frans was a strong member of my team and a strong contributor in setting the direction of the company. I regretted to see him leave with the semiconductor spin-out. Under his leadership Philips’ future will be in very good hands.”
Van Houten started his career with Philips 1986 in marketing and sales at Philips Data Systems and became CEO of Airvision, an in-flight entertainment startup in the United States in 1992, and was appointed vice president international sales and operations of Philips Kommunikations Industrie in Germany in 1993. In 1996 van Houten joined Philips’ Consumer Electronics division for which he led the region Asia Pacific, Middle East and Africa, based in Singapore.
In 2002, he became co-CEO of the Consumer Electronics division and was appointed member of Philips’ Group Management Committee in 2003. In 2004, van Houten was appointed CEO of Philips Semiconductors and in 2006 joined Philips’ Board of Management until the spin out and creation of NXP Semiconductors in September of that year.