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# Proposal to Appoint Charlotte Hanneman as Member of PhilipsÔÇÖ Board of Management Fulfilling the Role of CFO

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### Amsterdam, the Netherlands ÔÇô *Royal Philips* (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the proposal to appoint Charlotte Hanneman as member of the Board of Management, fulfilling the role of Chief Financial Officer (CFO), effective October 1, 2024. The proposal will be submitted to the Annual General Meeting of Shareholders (AGM), to be held on May 7, 2024.

#### Background

Ms. Hanneman will join Philips as a member of PhilipsÔÇÖ Executive Committee on June 1, 2024, to start her induction and transition into the role, succeeding current CFO Abhijit Bhattacharya on October 1, 2024. Mr. Bhattacharya has been CFO and member of PhilipsÔÇÖ Board of Management and Executive Committee since 2015 and will retire from the company after a successful 37-year career on September 30, 2024.

##### Qualifications

Ms. Hanneman (Dutch, 1978) will join Philips with over 20 yearsÔÇÖ experience in the MedTech and pharmaceutical industries, most recently as Controller and Head of Financial Planning & Analysis at global medical technology company Stryker. In this current role, she is responsible for financial control, enterprise financial planning and analysis, and business development finance. She is also responsible for indirect procurement, and directly responsible for the finance teams across Europe, Middle East and Africa, Canada, and Latin America.

###### Testimonials

Roy Jakobs, CEO of Royal Philips said: ÔÇ£I would like to thank Abhijit for his significant contribution to the transformation of Philips into a health technology company. His dedication and leadership have made a major impact throughout his long 37-year career in the company.

ÔÇ£This is an exciting time for Charlotte to join Philips. Her strong MedTech and pharma knowledge spanning Europe, Asia, and the US, as well as her extensive finance experience, coupled with her energy and passion for the healthcare industry, make her an ideal fit for the role.ÔÇØ

Feike Sijbesma, Chairman of PhilipsÔÇÖ Supervisory Board, said: ÔÇ£On behalf of the Supervisory Board, I would like to thank Abhijit for all he has done for Philips over a long and illustrious career with the company and wish him the very best for the future.

Abhijit Bhattacharya, CFO of Royal Philips commented: ÔÇ£After serving Philips and leading great teams for many years, helping to shape the future of the company, the time is right for me to retire from the company in September.”

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In this context, the AI legalese decoder can assist in simplifying and clarifying the legal terms and processes associated with the proposal to appoint Charlotte Hanneman as the CFO of Royal Philips. By decoding complex legal text, stakeholders can better understand the implications and requirements of such appointments, facilitating smoother transitions and informed decision-making.

For further information, please contact:

Philips External Relations
Steve Klink
Tel.: +31 6 1088 8824
E-mail: [email protected]

Philips Investor Relations
Leandro Mazzoni
Tel.: +31 20 5977055
E-mail: [email protected]

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving peopleÔÇÖs health and well-being through meaningful innovation.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

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