Daimler AG proposes to appoint Gerard Kleisterlee to Supervisory Board

February 25, 2009

Gerard Kleisterlee, CEO of Royal Philips Electronics, will be proposed as a new member of the Daimler AG Supervisory Board at the next Daimler annual shareholders meeting on April 8, 2009. Daimler AG notes that Mr. Kleisterlee has led the successful repositioning of Philips over the past years, which included a strong focus on strengthening the brand positioning and increasing brand value. And he will bring extensive experience to the Daimler AG board as one of the most seasoned European business leaders with global operational experience.

For further information, please contact:

Arent Jan Hesselink

Philips Corporate Communications
Tel:  +31 20 59 77415   
Email:  arentjan.hesselink@philips.com

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 121,000 employees in more than 60 countries worldwide. With sales of EUR 26 billion in 2008, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.


 


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