Philips parts ways with CEO in midst of massive recall

Van Houten leaves after almost 12 years at the helm Will be replaced on October 15 by Jakobs, Head of Connected Care Share up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief executive Frans van Houten will leave the company in October, the Dutch health-tech company …

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