Lighting giant in name change
Philips Lighting is changing its name.
The company’s new name is Signify. The new moniker originates from the fact “that light becomes an intelligent language, which connects and conveys meaning.” The company, however, will continue to use the Philips brand on its products.
“We’re excited to announce our new company name as another step in our transformation journey,” said Eric Rondolat, CEO of Philips Lighting. “Our new company name is a clear expression of our strategic vision and a fabulous opportunity to introduce a new corporate look and feel that is uniquely our own and will serve to further unite our 32,000 employees. At the same time, we remain proud to continue to use the Philips brand on our products.”
Philips Lighting’s roots date back more than 125 years to the business founded by Frederik and Gerard Philips in 1891 in the Dutch town of Eindhoven. Throughout its history, the company has been at the forefront of many of the lighting industry’s major advancements. Today, it leads the industry worldwide in conventional, LED and connected lighting, with the largest connected lights network in the world.
The Philips Lighting stock exchange ticker will remain LIGHT.
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