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Philips Consumer Electronics CEO Departs; Division's Future in Doubt

Authored by Mark Hefflinger on December 11, 2003 - 5:21am.
Atlanta -- Larry Blanford, CEO of Atlanta-based Philips Consumer Electronics, will leave the company at the end of this month and be replaced by Reinier Jens, head of the Northern Europe division of Philips Consumer Electronics. Blanford, a former executive with Maytag, joined Philips three years ago. Recently, Netherlands-based Philips announced that it will lay off about one-third of its employees in the Consumer Electronics Division by the end of the year and that the operation will be shut down entirely if it does not reach profitability within the next several quarters.
http://www.pressi.com/int/nomination/81670.html
tags: Philips | CEO | Electronics | Doubt |

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