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November 30, 2015 11:42 AM ET

Household Durables

Company Overview of Philips Electronics North America Corporation

Company Overview

Philips Electronics North America Corporation designs and manufactures consumer lifestyle, healthcare, and lighting products. The company provides televisions, Fidelio audio, DJ equipment, headphones, home cinema sound, home audio, portable audio, Blu-ray and DVD players, app-enabled products, in car audio, pocket projectors, home projectors, signage solutions, hotel televisions, accessories, and digital photo and video products; face shavers, face stylers and grooming kits, hair clippers, body groomers, axe, and accessories and replacements products for men; and skincare and hair removal products for women. It also offers electric toothbrushes, toothbrush heads, air flosses, and teeth white...

3000 Minuteman Road

M/S 109

Andover, MA 01810

United States



Key Executives for Philips Electronics North America Corporation

Chief Executive Officer
Chief Financial Officer
Chairman of the Simplicity Advisory Board, Chief Marketing Officer, Member of Group Management Committee and Chief Executive Officer of Consumer Lifestyle Sector
Age: 55
Member of North America Leadership Team, Chief Executive Officer of Philips Lighting Americas and President of Philips Lighting Americas
Chief Technology Officer, Member of Management Board and Executive Vice President of Royal Philips Electronics
Age: 69
Compensation as of Fiscal Year 2015.

Philips Electronics North America Corporation Key Developments

A Jury Returns Verdict in Favor of Masimo Corporation in Patent Infringement Suit Against Philips Electronics North America Corporation and Philips Medizin Systeme Böblingen GmbH

As previously reported, on February 3, 2009, Masimo Corporation (company) filed a patent infringement suit in the U.S. District Court for the District of Delaware against Philips Electronics North America Corporation and Philips Medizin Systeme Böblingen GmbH (collectively, Philips) related to Philips's FAST pulse oximetry technology and certain of Philips' patient monitors. Philips subsequently filed patent infringement, antitrust, and other counterclaims against the company. In mid-September 2014, the parties began a jury trial with respect to two of the patents asserted by the company and one of the patents asserted by Philips, these patents having been selected by the parties to be tried first. On October 1, 2014, a jury returned a verdict in favor of the company with respect to the two patents asserted by the company in this first phase and awarded damages of $466.8 million to the company. The jury found that the company did not infringe the Philips patent tried in the first phase.

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