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Philips Appoints Liu Ling as Greater China President Amid Leadership Changes
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Dutch multinational Philips has appointed Liu Ling as President of Greater China, effective immediately. Liu will also join the company’s Executive Committee and report directly to CEO Roy Jakobs. This leadership transition follows the retirement of He Guowei, the former president of Greater China. Liu brings a strong academic background…
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Philips Agrees to $62 Million Settlement with SEC Over China Marketing Practices
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The US Securities and Exchange Commission (SEC) has announced that Dutch device company Philips (BVMF: PHGN34) has agreed to a $62 million resolution to settle charges related to improper employee practices during the marketing of products in China between 2014 and 2019. In the settlement, which Philips accepted without admitting…
