Philips appoints new CFO

Philips has appointed Madhavan Hariharan as the chief financial officer for the Indian subcontinent.

Hariharan, a chartered accountant and company secretary, will lead the finance function across India, Bangladesh and Sri Lanka, and has also joined the board of directors of Philips India. In Netherlands, Hariharan was serving as Vice President and controller, Business Group, Automotive Lighting for Philips. 

He has been with the company for the past 16 years and handled responsibilities in China and the Netherlands, before returning to India after a decade.

Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a diversified technology company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. 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.