Royal Philips Electronics ( PHG ) named Frans van Houten as its new CEO, effective April 2011. Van Houten, 50, will replace Gerard Kleisterlee, Bloomberg New s reported. Van Houten was a member of the Philips management board until 2006, and led the spinoff of the company's semiconductor business. "It's a solid appointment," Joost de Graaf, a senior portfolio manager who helps oversee about $700... Continue reading Philips Names Van Houten New CEO as of April 2011 Philips Names Van Houten New CEO as of April 2011 originally appeared on DailyFinance on Thu, 08 Jul 2010 08:01:00. Filed Under: Company News , Technology , Retail Permalink | Tweet this! | Comments