“Even though we live in a fast-changing world with short term-ism all around, it requires years of determination to transform a company and structurally reap the rewards. Innovation companies need to set their sights on solving unmet needs - but this approach requires focus and long-term tenacity.”

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.