Proposal to appoint new Supervisory Board member

Eindhoven, the Netherlands -Signify (Euronext: LIGHT), the world leader in lighting, today announces that its Supervisory Board will propose the appointment of Mrs. Sophie Bechu as a member of the Supervisory Board at the Annual General Meeting of Shareholders (AGM) to be held in May 2023. Mrs. Bechu will attend Supervisory Board meetings as observer until the AGM vote.

Sophie Bechu (French/American, 61) has been a member of the Board of Directors of Quotient Limited since September 2022. During her long career, she has built up extensive executive experience in operations, services and technology. From 2016 to October 2022, she served as Chief Operations Officer on the Executive Committee of Royal Philips, where she established Philips' integrated supply chain organization, and optimized the supplier base and manufacturing footprint with cost, efficiency and sustainability in mind. Prior to this, Mrs. Bechu worked for over 30 years with IBM Corporation, where she held various executive positions, most recently Vice President, Strategic Outsourcing, North America Delivery. In these roles, she drove operational excellence in operations, business transformation, service/solutions delivery and IT services delivery.

Mrs. Bechu holds an Automation, Electrical Engineering decree from the École supérieure d'électricité in Paris. Mrs. Bechu has lived and worked in France, Hong Kong, India, US and the Netherlands.