“Certain product categories become less attractive for us because, as they become mature, they become low-cost, and hence, there is less to invent. There is less to invent in a television, whereas in heath technology, there is a lot to invent. So we wanted to put our innovative power to work where it really matters.”

Dutch businessman, April 2011 to October 2022

Frans van Houten is a Dutch businessman best known for serving as chief executive officer of Royal Philips Electronics from April 2011 to October 2022. He led Philips through more than a decade of change at the company. His public remarks are usually tied to business leadership and the direction of a major global technology company during his tenure.