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Description of the company
Philips Lighting N.V„ a public company With limited liability organized under Dutch Law, is the parent company of the Philips Lighting group.
In May 2016. Royal Philips offered part of its shares in the share capital of Philips Lighting N.V. to the public and the shares in the capital of Philips Lighting N.V. were listed on Euronext Amsterdam. After settlement of the offering on May 31, 2016, Royal Philips still held - and as of February 21, 2017 still holds the majority of the shares in the share capital of Philips Lighting N.V.
Currently. Philips Lighting's business is organized and managed on a functional basis by technology and end-markets through tour operatine Business Groups: Camps, LED. Professional and Home. The Business Groups are responsible for the development of their strategy, product porttolio and the production and sourcing of their products.
In addition, the company's commercial organization is structured along tour geographical Market Groups to manage its global sales channels_ The Market Groups are principally responsible tor driving and managing sales. Managing customer relationships and delivering the commercial activities of the business across our markets, covering commercial activities in almost all countries in the world. The company operates in many countries via its subsidiaries and afiliated companies as well as via a limited number ot branch offces, which primarily act under the Philips Lighting trade name.
These Business Groups and Market Groups are supported by centralized shared services With respect to, among other functions, legal, finance, human resources, business transformation, strategy and marketing, innovation and operations.