Philips Korea appoints Peter Kwak as the new GM of Personal Health Sector

SEOUL--(Korea Newswire)--Today, Philips Korea announced the appointing of Peter Kwak as the new General Manager of Personal Health business sector.

Mr. Kwak is a seasoned leader with a wealth of experience in Korea’s FMCG (fast-moving consumer goods) industry. Philips values Mr. Kwak’s capabilities and hopes to leverage his seasoned management style and leadership to strengthen the Personal Health business in Korea.

Dominique Oh, CEO of Philips Korea said “the Personal Health business sector of Philips strives to improve the quality of peoples’ lives and for Koreans to lead healthier lifestyles, by providing meaningful innovation in technology.” He added, “With Mr. Kwak’s deep understanding of Korean consumers, based on his experience in the FMCG industry, Philips Korea looks forward to meeting the rapidly changing needs of Korean consumers and thereby consolidating our position as a health and well-being company.”

Mr. Kwak said “Philips is a leader in the Personal Health business and I look forward to working with this team to bringing meaningful innovations in personal lifestyles to our consumers.”

Extensive experience working at a multinational corporation in Korea has provided Mr. Kwak with a local mindset and deep insights into Korean consumer trends. He spent 12 years at Nike, and from 2009 served as the Country General Manager of Nike Korea during which time he doubled revenue via marketplace expansion, strategic pricing and effective marketing investments.

Prior to his career at Nike, he worked at McKinsey & Company in Chicago, Illinois, USA. He earned his MBA from the University of Chicago after graduating from McGill University in Montreal and Yonsei University’s Graduate School of International Studies.

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 105,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Website: http://www.philips.co.kr

This is a news release distributed by Korea Newswire on behalf of this company.