Dutch multinational conglomerate Philips has appointed Bharath Sesha as the Managing Director for India, effective September 1. Sesha will lead the company’s growth strategy in India, focusing on enhancing customer satisfaction and driving operational excellence, particularly in the healthcare sector. He succeeds Daniel Mazon, who has transitioned to a global role at Philips’ headquarters in the Netherlands.
Bharath Sesha brings over 20 years of global experience, with deep expertise in the Indian market, particularly in the pharmaceutical and chemical sectors. He previously served as the Managing Director of Heubach Colorants India and holds a Master’s in International Management from Thunderbird School of Global Management and an MBA from ITM.
The appointment follows Philips’ stronger-than-expected second-quarter results in 2023, with a 9.3% rise in adjusted earnings (EBITA) to 495 million euros. The company is also in the midst of a significant workforce reduction, having announced plans to cut up to 10,000 jobs since late 2022.
Sesha expressed his excitement about joining Philips, emphasizing his commitment to improving healthcare accessibility and affordability in India. He aims to work closely with the team to leverage Philips’ innovative technologies to address the country’s unique healthcare needs.
Founded: 1891
Headquarters: Amsterdam, Netherlands
Industry: Health technology and consumer electronics
Core Areas: Diagnostic imaging, patient monitoring, health informatics, connected care, and personal health
Global Presence: Operates in over 100 countries
Workforce: Approximately 74,000 employees (as of 2023)
Revenue: €17.8 billion (2022)
Recent Developments: Transition towards health technology, organizational restructuring with plans to cut 10,000 jobs since late 2022
Notable Leadership: Current CEO – Roy Jakobs (as of 2023), recent appointment of Bharath Sesha as MD for India
Mission: Improving people’s health and well-being through meaningful innovation.
The road to the 2025 IPL season is heating up as all ten franchises have…
The IBPS PO Mains 2024 Exam is just around the corner, scheduled for 30th November…
GA Capsule for IBPS PO: Candidates appearing for the IBPS PO 2024 for the Probationary…
The Daily Current Affairs Quiz which keeps you updated with the current events happening all…
In Uttar Pradesh, certain areas are recognized by specific regional names that highlight their historical,…
Haryana is a state in northern India known for its rich history and industrial growth.…