- Roy Jakobs is proposed to succeed Frans van Houten as Koninklijke Philips NV (NYSE: PHG) CEO effective October 15.
- Houten's third term as CEO was not due to end until April.
- The departure coincided with Philips's massive product recall that has halved its market value over the past year.
- Also Read: Competitor Recall Continues To Show Opportunities For ResMed
- Jakobs headed the company's …
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