Philips CFO Set to Leave More Stable Company (Reuters)

Reuters - The time for drastic overhauls at
Philips Electronics is over, with a long-term future envisaged
for all five divisions including consumer electronics, said its
outgoing finance director. Jan Hommen, who is scheduled to
retire on May 1 after eight years at the Dutch electronics
group, helped chop back the sprawling conglomerate's 13
divisions -- ranging from music publishing to video retail --
to a more manageable five.

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