Signify proposes to appoint Harshavardhan Chitale to Board of Management



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press release

September 21, 2022

Mean suggests to appoint HarschaWardhan Chitale to Managing directors

Eindhoven, Netherlands – Signify (Euronext: LIGHT), the global leader in lighting, announces today that it intends to expand its Board of Directors with the appointment of Head of Signify’s Digital Solutions Division, Harshavardhan (Harsh) Chitale.

“Harsh has an in-depth knowledge of Signify and a proven track record of success in many different roles,” said Eric Rondolat, CEO. “Under his leadership, we have strengthened our market position in the professional segment and expanded our presence in the high-growth areas of connected and agricultural lighting. Harsh played a critical role in the Cooper Lighting acquisition and integration process. His experience and skills will further strengthen our Executive Board in the further development of our strategy and its implementation.”

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Harsh Chitale joined Signify in 2015 to lead the company in Greater India and has led the Digital Solutions business unit (formerly known as Business Group Professional) since 2017. Prior to joining Signify, Harsh held various leadership positions at HCL Infosystems, Honeywell and Tata in India and the US.

Harsh is an Indian citizen and holds a B. Tech Electrical Engineering degree from the Indian Institute of Technology, Delhi.

The Supervisory Board will propose the appointment of Harsh Chitale to the Management Board at the Annual General Meeting in May 2023. The proposed appointment is for a period of four years and is based on the number of Management Board members of four. Until the vote at the AGM, Harsh acts as an observer for the board.

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For more information please contact:

investor relations mean
Counter Gerdes
+31 6 1801 7131
[email protected]

Signify Corporate Communications
Abigail Levene
+31 6 2939 3895
[email protected]

About Signify
Signify (Euronext: LIGHT) is the global leader in lighting for professionals, consumers and lighting for the Internet of Things. Our Philips products, Interact Connected Lighting Systems and Data-Enabled Services, deliver business value and transform life in homes, buildings and public spaces. With a turnover of 6.9 billion euros in 2021, we employ around 37,000 people and are present in over 70 countries. We unlock the extraordinary potential of light for a brighter life and a better world. We achieved carbon neutrality in 2020, have been included in the Dow Jones Sustainability World Index for five consecutive years since our IPO, and were named Industry Leader in 2017, 2018 and 2019. You can find Signify news in the newsroom, on Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

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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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