Signify – Signify announces that CEO Eric Rondolat will step down after the AGM 2025
Signify announces that CEO Eric Rondolat will step down after the AGM 2025
Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, announced today that CEO Eric Rondolat will step down from the company’s Board of Management after the Annual General Meeting of shareholders (AGM) to be held on April 25, 2025. Eric Rondolat has held the position of Chief Executive Officer and Chair of the Board of Management at Signify since the company was listed on the Euronext Amsterdam stock exchange in May 2016. Before that, he was Executive Vice President and Chief Executive Officer for Lighting at Philips from April 2012 to May 2016.
The Supervisory Board and Eric Rondolat have agreed that the time is right for a change of leadership. The Supervisory Board will now conduct the search for a successor and will consider both internal and external candidates.
“It has truly been a great honor for me to lead this exceptional company through the demanding transformation of the lighting industry. I am immensely proud of what our teams have achieved, building the industry leader in a new technological era. Together, we have developed a culture of responsible innovation and set new benchmarks for sustainable growth, while enhancing our teams’ solidarity and customer centricity,” said Eric Rondolat, CEO of Signify. “As we conclude this important chapter of our transformation, I am very confident that Signify will continue to lead and successfully execute its growth strategy. While the Supervisory Board conducts its search, I remain more than ever committed to my colleagues, our customers, investors and other stakeholders.”
“On behalf of the Supervisory Board, I would like to express our gratitude to Eric for his vision and dedication, as he led the business for more than twelve years,” said Gerard van de Aast, Chair of the Supervisory Board of Signify. “Under his leadership, Eric successfully delivered the company’s separation from Philips and IPO, continually establishing Signify as the global leader in lighting for professionals and consumers. His experience and unrivalled knowledge of the market have been essential to successfully navigating the challenging and dynamic market conditions of recent years. His foresight led to the transformation of the business to LED and connected lighting technologies. In doing so, he has set the course for Signify to continue to lead the lighting industry through the digital age. We are pleased that Eric will remain with the business until the AGM 2025.”
SourceSignify
EMR Analysis
More information on Signify: See the full profile on EMR Executive Services
More information on Gerard van de Aast (Chairman of the Supervisory Board + Chair of the Nomination & Governance Committee + Member of the Remuneration Committee, Signify): See the full profile on EMR Executive Services
More information on Eric Rondolat (Chair of the Board of Management and Chief Executive Officer, Signify till April 25, 2025): See the full profile on EMR Executive Services
More information on Philips Lighting: https://www.lighting.philips.com/main/home + Philips is one of the world’s most trusted lighting brands. Since 1891, Philips has been synonymous with high-quality, reliable, innovative technology that improve people’s lives. The Philips brand is licensed to Signify, world leader in lighting, for lighting products and services. Philips is Signify’s primary brand for lamps, luminaires, and other lighting products for both professionals and consumers.
Signify products carrying the Philips brand cover the complete range of lighting applications, from home, office, and industry to street lighting, horticulture, sports, and more.
EMR Additional Notes:
- IPO (Initial Public Offering):
- When a private company first sells shares of stock to the public, this process is known as an initial public offering (IPO). In essence, an IPO means that a company’s ownership is transitioning from private ownership to public ownership. For that reason, the IPO process is sometimes referred to as “going public.”
- LED:
- LED stands for light emitting diode. LED lighting products produce light up to 90% more efficiently than incandescent light bulbs. How do they work? An electrical current passes through a microchip, which illuminates the tiny light sources we call LEDs and the result is visible light.
- A light-emitting diode is a semiconductor light source that emits light when current flows through it. Electrons in the semiconductor recombine with electron holes, releasing energy in the form of photons.
- LED vs. Halogen:
- Halogen bulbs, while lasting longer than incandescent bulbs, only last up to 2,000 hours. In contrast, LED bulbs can last up to 25,000 hours, and LED tubes are rated for up to 50,000 hours. LED bulbs can use as much as 80% percent less energy than halogen bulbs.
- There’s obviously a clear winner when it comes to LED vs halogen lighting. LED lights are more energy-efficient, have a longer lifespan, and offer more choices in color temperature. They do cost a little more, but their extremely long lifespan easily offsets the higher upfront cost.
- microLED:
- Compared to widespread LCD technology, microLED displays offer better contrast, response times, and energy efficiency. They are also capable of high speed modulation, and have been proposed for chip-to-chip interconnect applications.
- MicroLED prototype displays have been shown to offer up to 10 times more brightness than the best OLED panel while being significantly more power efficient, making them an exciting new technology in the world of displays.
- OLED:
- An Organic Light-Emitting Diode is a solid-state device consisting of a thin, carbon-based semiconductor layer that emits light when electricity is applied by adjacent electrodes. In order for light to escape from the device, at least one of the electrodes must be transparent.
- OLED devices (television screens, computer monitors, and portable systems such as smartphones …) use LED technology and use an organic material as a light emitting layer. Organic LEDs can produce high quality displays with high contrasts, high viewing angles and true blacks. Some say that OLEDs produce the world’s best display panels.