Press Release
December 12, 2023
Signify proposes re-appointment of CEO and announces changes to the Board of
Management
* Proposal to re-appoint Eric Rondolat as CEO at the Annual General Meeting of

    Shareholders to be held in May 2024
  * CFO Javier van Engelen will leave the company on April 1, 2024
  * CCO Maria Letizia Mariani will leave the company at the end of her term in
    May 2024

Eindhoven, the Netherlands - Signify (http://www.signify.com) (Euronext: LIGHT),
the world leader in lighting, proposes the following re-appointment and
announces the following changes to its Board of Management.
CEO
The Supervisory Board proposes to re-appoint Eric Rondolat as CEO and Chair of
the Board of Management at the Annual General Meeting of Shareholders to be held
in May 2024, for a period of four years.
"The Supervisory Board is very pleased that Eric Rondolat remains available for
a next term," said Arthur van der Poel, Chair of the Supervisory Board of
Signify. "Eric has proven to be a strong leader of the business and will be of
great value and importance in continuing to execute on Signify's strategy in the
new customer-centric organization for the coming years."
CFO and CCO
Javier van Engelen, who joined Signify as the company's CFO in 2020, has decided
to leave the company on April 1, 2024, to pursue other interests. An
announcement on his succession will follow in due course.
As Signify moves to a new operating model announced on December 1
(https://www.assets.signify.com/is/content/Signify/Assets/signify/global/news/20
23/20231201-announcing-new-customer-centric-organization-and-structural-cost-
reductions.pdf), it has been agreed not to renew the role of Chief Commercial
Officer, held by Maria Letizia Mariani since her appointment in 2020. Therefore,
she will not be up for re-appointment at the AGM in May 2024. Maria Letizia will
assist the CEO with the transition and work on some key strategic projects until
the end of her term.
"The Supervisory Board would like to thank Javier and Maria Letizia for their
important contributions to the company, and we wish them all the best in their
future endeavors," said Arthur van der Poel, Chair of the Supervisory Board.
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For further information, please contact:
Corporate Communications
Tom Lodge
Tel: +31 6 5252 5416
E-mail: tom.lodge@signify.com (mailto:tom.lodge@signify.com)
Investor Relations
Thelke Gerdes
Tel: +31 6 1801 7131
E-mail: thelke.gerdes@signify.com (mailto:thelke.gerdes@signify.com)
About Signify
Signify (https://www.signify.com/) (Euronext: LIGHT) is the world leader in
lighting for professionals and consumers and lighting for the Internet of
Things. Our Philips (https://www.lighting.philips.com/) products, Interact
(https://www.interact-lighting.com/en) connected lighting systems and data-
enabled services deliver business value and transform life in homes, buildings
and public spaces. In 2022, we had sales of EUR 7.5 billion, approximately
35,000 employees and a presence in over 70 countries. We unlock the
extraordinary potential of light for brighter lives and a better world. We
achieved (https://www.signify.com/global/our-company/news/press-
releases/2020/20200908-signify-achieves-carbon-neutrality-and-sets-course-to-
double-its-positive-impact-on-the-environment-and-society) carbon neutrality in
our operations in 2020, have been
(https://www.signify.com/global/sustainability) in the Dow Jones Sustainability
World Index (https://www.spglobal.com/spdji/en/indices/esg/dow-jones-
sustainability-world-index/#overview) since our IPO for six consecutive years
and were named Industry Leader (https://www.signify.com/global/our-
company/news/press-releases/2019/20190916-signify-named-industry-leader-in-2019-
dow-jones-sustainability-index) in 2017 (https://www.signify.com/global/our-
company/news/press-release-archive/2017/20170907-philips-lighting-named-
industry-leader-in-the-2017-dow-jones-sustainability-index), 2018
(https://www.signify.com/global/our-company/news/press-releases/2018/20180913-
signify-named-industry-leader-2018-dow-jones-sustainability-index) and 2019
(https://www.signify.com/global/our-company/news/press-releases/2019/20190916-
signify-named-industry-leader-in-2019-dow-jones-sustainability-index). News from
Signify is located at the Newsroom (https://www.signify.com/news), Twitter
(https://twitter.com/Signifycompany), LinkedIn
(https://www.linkedin.com/company/signifycompany/mycompany/) and Instagram
(https://www.instagram.com/signifycompany/). Information for investors can be
found on the Investor Relations (https://www.signify.com/investors) page.
Market Abuse Regulation
This press release contains information within the meaning of Article 7(1) of
the EU Market Abuse Regulation
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