Royal Philips' 1st female top executive in 133-yr history begins her tenure

Quick Summary:

Hanneman is joining from US medical equipment maker Stryker Corp.

Philips shares have gained more than 44 per cent this year but the stock is still down around 32 per cent since the start of the recall.

It suspended sales of those devices in the US and the recall cost the company around $5 billion, according to Bloomberg calculations.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Healthcare Charlotte Hanneman Healthcare sector Dutch Royal Philips

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 10:32:35 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22829578

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