Philips CEO is frontrunner for Vodafone

first_img whatsapp Show Comments ▼ KCS-content THE RACE to succeed Vodafone chairman Sir John Bond looks set to be won by Philips’ chief executive Gerard Kleisterlee.Vodafone is believed to have shortlisted three people to succeed the mobile phone operator’s current chairman, with Kleisterlee topping the list as the British-based group’s preferred candidate.The announcement of Sir John’s departure from Vodafone in September last year followed considerable investor unrest about the company’s acquisitions strategy.Shareholders led by Ontario Teachers’ Pension Plan attempted to remove him at the firm’s July annual meeting last year through a protest vote, when 6.5 per cent of shareholders voted against his re-election as chairman.Sir John, who was formerly chairman of HSBC, was reported to have said he had always intended to step down at Vodafone.Kleisterlee, who is stepping down as chief executive on 31 March, has worked at the Dutch firm for his entire career. For the past ten years he has helped to steer the electronics company to become a consumer giant as president, chief executive and chairman of the board.He is also non-executive director at oil giant Royal Dutch Shell and a vice-chairman of the European Round Table of Industrialists, and also holds positions on a number of other large companies’ boards.Philips yesterday saw weaker than expected fourth quarter results for 2010, leading to a drop in shares.Net income at the world’s biggest lighting company rose to €463m (£395m) from €251m a year earlier. Analysts had estimated a €513m increase on average.Vodafone is one of the UK’s biggest firms, with a market cap of almost £93bn. Monday 24 January 2011 8:55 pm Philips CEO is frontrunner for Vodafone Tags: NULLcenter_img whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comlast_img

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