Ragnetti will leave Philips as of the same date. To ensure a smooth transition, Mr. Nota will join Philips on August 1, 2010. It is Philips’ intention to propose the appointment of Mr. Nota as a member of the Board of Management of Philips to its annual general meeting of shareholders, to be held on March 24, 2011.
Mr. Nota (Dutch, 1964) joins Philips from Beiersdorf AG (a.o. Nivea), a global cosmetics company, based in Hamburg, Germany, where he serves on its Board of Management as chief marketing & innovation officer with overall responsibility for brands as well as marketing, innovation and sales, including a significant regional P&L responsibility. Prior to this, Mr. Nota worked for 15 years at Unilever in several international management positions.