Philips CEO outlines growth strategy after $1.1 billion settlement, aims to boost innovation
Koninklijke Philips NV (AMS: PHIA) CEO Roy Jakobs has detailed the company’s strategic vision following a substantial $1.1 billion settlement related to faulty sleep apnea devices. This settlement, which Philips reached with US litigants, is expected to remove significant legal overhang and allow the company to sharpen its focus on innovation and growth. In an