Jul 01, 2018

Philips welcomes new Health Systems Market Leader for Middle East and Turkey

Dubai, United Arab Emirates - Royal Philips (NYSE: PHG, AEX: PHIA), announced today the appointment of Vincenzo Ventricelli as the company’s Health Systems Market Leader across the Middle East and Turkey, effective July 1 2018. In his new role as Market Leader, Vincenzo Ventricelli’s objectives will focus on driving the company’s health systems business across the Middle East and Turkey. He will also be responsible for setting long-term strategic growth objectives.

We are very pleased to have Vincenzo Ventricelli in this pivotal role for the region to maintain and grow the business further amidst a rapidly changing healthcare industry.”

Ozlem Fidanci

CEO of Philips Middle East and Turkey

“He is very well positioned to lead our Health Systems team in the Middle East and Turkey with a proven record of growing the business with great financial performance, increasing market share, and bringing forth digital transformation.”

A Philips veteran, Vincenzo Ventricelli joined the company in 1996 as a Product Manager and has worked in Italy for eight years. In the year 2000, he shifted his focus to sales management, before moving to Austria to manage the company’s marketing efforts. In 2006, Ventricelli was named as Marketing Director for Philips in Central and Eastern Europe.

He joined Philips Middle East operations in 2008 as Marketing Director for the company’s Consumer Lifestyle. He was then appointed as Personal Health Market Leader in 2015, where he managed the growth of the business and increased brand preference.

I am very proud to be appointed as Health Systems Vice President for the Middle East and Turkey.”

Vincenzo Ventricelli

Vice President Health Systems, Philips Middle East and Turkey

“Philips’ longstanding presence in the region reflects its continued commitment towards improving patient outcomes while lowering the burden on healthcare systems. Our work with partners across the private sector and governments focuses on driving advanced and connected healthcare solutions that aim at meeting the needs of patients in hospitals and at home.”

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips' health technology portfolio generated 2016 sales of EUR 17.4 billion and employs approximately 73,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com.

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