Philips promotes home health chief to North America CEO | Personnel Moves

February 5, 2014 By Arezu Sarvestani

Technology giant Philips (NYSE:PHG) named a new North America CEO this week, promoting home health solutions chief Brent Shafer to replace Greg Sebasky, who retired this week.

Shafer will be responsible for overseeing operations for Philips’ 21,500 North America employees and 57 facilities across 26 states and 3 Canadian provinces. The region is focused on a product pipeline in healthcare, consumer lifestyle and lighting.

Shafer’s home health background will serve him well as he works closely with the North American healthcare unit, which develops products for both hospital and home settings, according to a press statement.

PHG shares gained a few points yesterday to close at $34.61, up 1.6% on the day.

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