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Philips shakeup, China's CATL to make EV batteries in Hungary.
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Massive Recall Forces Out Philips CEO van Houten

Philips announced CEO Frans van Houten will leave the company in October. Van Houten, at the company’s helm for almost 12 years, has transformed the Dutch giant from a sprawling consumer electronics, industrial and lighting company to a leading health technology vendor.

Succeeding Van Houten is Roy Jakobs, head of the company’s Connected Care units.

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