Shanghai, China - Royal Philips Electronics today announced that Patrick S. Kung was appointed as Executive Vice President and Chief Executive Officer of Greater China. David Chang, who currently holds this post, will retire after 30 years at Philips.
Kung joined Philips in February 2008 as Executive Vice President. Prior to that, he was Corporate Vice President, General Manager of PCS North Asia and General Manager of Strategic Growth Engines for Motorola, Inc. Kung had been with Motorola for 27 years in various executive level roles based in the U.S. and Asia. In the late 1990s, Kung was transferred to work in Shanghai, Beijing, and Taipei in various key management positions.
Mr. Gerard Kleisterlee, President and CEO of Royal Philips Electronics, attended Kung’s inauguration ceremony held in Shanghai on September 26. Kleisterlee highly commended David Chang, now aged 60, for his great contribution to Philips’ successful development in China. “Under David’s leadership in recent years, Philips China, after being present here for 23 years, has grown to be the fourth largest market for Philips as a whole and contributes significantly to our global business,” said Kleisterlee.
Kleisterlee also expressed confidence in Kung being able to further build out Philips’ activities in China and help Philips become a leading Health & Well-being brand in this important country. “China is a crucial market for Philips, both in size as well as strategically. We firmly believe that Patrick, with his rich management experience and excellent market insight, will be able to lead and further develop our successful Chinese business.”
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