Philips says CFO quits, names replacement

AMSTERDAM (AP) — Royal Philips Electronics NV says its chief financial officer is leaving the company March 31, and named a replacement.

The company says Ron Wirahadiraksa, a Dutch national who is currently the top financial executive at the company’s health care arm, will replace Pierre-Jean Sivignon as CFO.

Philips said Monday Sivignon “is leaving for personal reasons and will pursue a career outside the company.”

The decisions means Philips will switch CEOs and CFOs almost simultaneously, since chief executive Gerard Kleisterlee is retiring on April 1. His replacement, Frans van Houten, has also been named.

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