User:Verhaeghe1972/Roy Jakobs

Roy Jakobs (Born Kerkrade, 1974) is a Dutch businessman. He serves as the CEO of Royal Philips Electronics (known universally as Philips) since 15 October 2022.

Biography
Jakobs was born in Kerkrade in 1974, his father is German and worked as an earthquake engineer, his mother is Dutch and worked in nursing. He lived in Kerkrade until he was eighteen and suffered from severe asthma and allergies in his youth. His health improved during puberty. He studied business administration at the Radboud University Nijmegen from 1992. He obtained his MBA in 1997. He started his career in 1998 at Shell plc where he worked until 2005 and switched to publishing house Elsevier where he worked for a number of years as managing director. From September 2010 he started at Philips as a marketing director at Philips Lighting (now Signify N.V.).

Subsequently, in 2011, Jakobs was appointed CEO in the Middle East. In 2015, he moved within Philips to the home appliances division, which had to deal with a number of leadership changes. In October 2018 he switched to the Personal Health division. In February 2020, Jakobs started at the Connected Care division, than the corona pandemic breaks out. At that time, Jakobs was director of the division that included the subsidiary that made the controversial sleep apnea devices. He faced major recalls that affected 5 million people worldwide who used sleep apnea devices or ventilators. The ongoing uncertainty of customers who didn't receive clarity from Philips about their device, the  threat of major claims for damages against Philips and problems in the supplychain, caused the Philips stock price to fall by 75% in 2022 compared to the previous year.

In October 2022, this caused the early departure of Frans van HoutenFrans van Houten, who had been CEO for almost 12 years. Jakobs is the youngest CEO of Royal Philips ever. Investors support Jakob's appointment, although there are concerns. Targeted innovation, open and transparent communication should turn the tide at Philips.

Trivia

 * Philips: CEO Roy Jakobs
 * Management Scope: Roy Jakobs

Personal life
Jakobs is married, lives in The Hague and has three sons.