Philips Appoints Bharath Sesha as New Managing Director

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Philips has appointed Bharath Sesha as Managing Director for the Indian subcontinent, effective September 1, 2024.

An Overview of the News

• Bharath will lead Philips' growth strategy in India, focusing on customer satisfaction and operational excellence. 

• He will oversee the Healthcare business based in Gurgaon and manage Philips' operations in India, including:

  • Philips Innovation Campus (PIC) in Bangalore

  • Healthcare Innovation Centre (HIC) in Pune

  • Global Business Services (GBS) in Chennai

Predecessor: 

• Bharath succeeds Daniel Mazon, who was Vice Chairman and Managing Director until April 1, 2024, and now holds a global role at Philips' headquarters in the Netherlands.

Background of Bharath Sesha: 

• Bharath Sesha has over 20 years of global experience with a strong understanding of the Indian market, particularly in the pharmaceutical and chemical industries. 

• Before joining Philips, he was Managing Director at Heubach Colorants India Ltd. 

• He holds a Master's degree in International Management from the Thunderbird School of Global Management and an MBA from the Institute for Technology & Management (ITM).

Philips' Investments: 

• Philips' investments in India, including the 2023 launch of the Philips Innovation Campus in Bangalore and the 2024 announcement of a new R&D campus at the Healthcare Innovation Center in Pune, have bolstered the company's position as a leading Healthtech innovator and strengthened its operational presence in the country.

About Philips:

• Founded: 1891

• Headquarters: Amsterdam, Netherlands

• Industry: Health technology and consumer electronics

• CEO - Roy Jakobs

• MD for India - Bharath Sesha