After many quarters of nervousness/disappointments, Philips today announced a change in CEO, effective mid-October 2022. This was perhaps inevitable as the firm has struggled to turn things around and re-gain the market’s confidence. While this won’t result in any major near-term fix(es), it is at least a step in the right direction and reinforces our upside potential on the stock. Investor patience will however remain warranted.
16 Aug 2022
CEO change – a bold move, but still a long way to go
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CEO change – a bold move, but still a long way to go
After many quarters of nervousness/disappointments, Philips today announced a change in CEO, effective mid-October 2022. This was perhaps inevitable as the firm has struggled to turn things around and re-gain the market’s confidence. While this won’t result in any major near-term fix(es), it is at least a step in the right direction and reinforces our upside potential on the stock. Investor patience will however remain warranted.