Board changes at Signify

Board changes at Signify

12-12-2023 On December 12, Signify announced various changes in its Board of Management and Supervisory Board.

Chief Financial Officer Javier van Engelen will leave Signify on April 1, 2024, after one term to pursue other interests. It has not yet been announced who will succeed him. Chief Commercial Officer Maria Letizia Mariani will also depart, following its move to a new operating model announced by Signify on December 1. The Eindhoven-based lighting manufacturer aims to save €200 million annually through this reorganization. As a result, Mariani will not be reappointed during the General Meeting of Shareholders in May 2024, also leaving after one term. During this AGM, the Supervisory Board intends to reappoint CEO Eric Rondolat.

"The Supervisory Board would like to thank Javier and Maria Letizia for their important contributions to the company, and we wish them all the best in their future endeavors," said Arthur van der Poel, Chairman of the Supervisory Board. Regarding Rondolat's reappointment: "The Supervisory Board is very pleased that Eric Rondolat remains available for a next term. Eric has proven to be a strong leader of the business and will be of great value and importance in continuing to execute on Signify’s strategy in the new customer-centric organization for the coming years."

Van der Poel himself will also step down during the AGM in May and will be succeeded as Chairman of the Supervisory Board by Gerard van de Aast, who is currently Vice-Chairman. The company intends to appoint Jeroen Drost, outgoing CEO of SHV, as a Supervisory Director during the AGM. Supervisory Director Frank Lubnau will not be available for reappointment.