Philips India gets new CEO and MD
New Delhi: Philips on Thursday said its India CEO and Managing Director Rajeev Chopra will take up a global role in the parent company Philips and become global head of the Philips Consumer Luminaire Business Group with effect from the December 2013.
"The Philips board of management announced the appointment of Rajeev Chopra, current CEO and Managing Director of Philips India, as Global Head of the Philips Consumer Luminaire Business Group," the company said in a statement.
Chopra will be replaced by A Krishna Kumar current President and Head of Philips Healthcare Business, the statement added.
Krishna Kumar will continue to head the Healthcare business until his successor has been appointed.
Commenting on his new role, Chopra said he is looking forward to leading the Consumer Luminaire business for Philips. Chopra will relocate to Brussels.
This is the latest addition in the list of Indian executives moving to a global role in the parent company.
In July this year, FMCG giant Hindustan Unilever (HUL) announced that its then Managing Director and Chief Executive Officer Nitin Paranjpe will take up a global role at parent Unilever and become the President, Home Care, Unilever.