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Saturday , 18 August 2018
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Philips to propose the appointment of Ernst & Young Accountants LLP as its auditor as of 2016

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that following an extensive selection process, its Supervisory Board will propose to the 2015 Annual General Meeting of Shareholders the appointment of Ernst & Young Accountants LLP as the company’s new auditor for a term of four years starting January 1, 2016.

The proposed appointment of the new auditor follows the new Dutch legislation on mandatory auditor rotation. Philips’ current auditor, KPMG Accountants N.V., will remain in place until the conclusion of the audit for the financial year 2015.

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