Recently, it is informed that the current Philips president in China, Zhang Yue, who has served for 30 years will leave his position, and the former Motorola executive, Kong Xianghui, who formally joined Philips in February this year, will take up the post of CEO and vice-president of Philips in China.
Kong Xianghui said that after taking the post he would increase investment of Philips in China; although the specific amount was still under study, the investment in production, sales channels and employee benefits would all be increased.
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