Frans van Houten

Philips is committed to the circular economy and is applying its principles throughout the organization. We are redesigning our products and looking at ways to capture their residual value.

Our myopic focus on producing and consuming as cheaply as possible has created a linear economy in which objects are briefly used and then discarded as waste.

To become the global leader in HealthTech and shape the future of the industry, we will combine our vibrant Healthcare and Consumer Lifestyle businesses into one company.

Compassion, together with contractual responsibility for one's workforce, is a mark of a top employer.

If we are to ensure that healthcare remains affordable and widely available for future generations, we need to radically rethink how we provide and manage it - in collaboration with key health system partners - and apply the technology that can help achieve these changes.

By innovating and investing in health technology, we believe that we can really change the future of health.

If we are to ensure that health care remains affordable and widely available for future generations, we need to rethink radically how we provide and manage it.

We are very optimistic about our opportunities in China. Our toothbrushes continue to sell very well, while the growth of private hospitals diminishes the risk of government preferring domestic suppliers.

I think, going forward, we need to be much more modest on expectations with regard to China growth: That's just being realistic.