Roy Jakobs

Roy Jakobs, CEO of Royal Philips, discusses the company's significant shift from a diversified conglomerate to a focused healthcare powerhouse. He explores the challenges of millions of recalled breathing machines tied to tragic outcomes, emphasizing the importance of patient safety and trust. Jakobs also highlights how AI is reshaping medical devices, aiming to streamline healthcare delivery. The conversation dives into Philips' extensive restructuring to enhance agility and responsiveness, ensuring that innovation thrives while addressing previous controversies.

Roy Jakobs, the CEO of Philips and a leader in the healthcare technology sector, discusses the company's outlook amidst challenges like declining demand in China. He emphasizes robust market growth in North America, particularly for sleep apnea solutions. Jakobs elaborates on the impact of US-China tariffs and their strategic responses, including supply chain localization and AI investments. He also shares insights into Philips’ shift in focus toward imaging and personal health, highlighting potential opportunities for re-entering key markets.

In this engaging discussion, Michelle Caruso-Cabrera, CNBC contributor and CEO of MCC Global Enterprises, analyzes the recent political unrest in South Korea and the implications of a no-confidence vote in France. Meanwhile, Roy Jakobs, CEO of Royal Philips, shares fascinating insights on how AI is revolutionizing healthcare, from improving diagnostics to enhancing patient experiences. They explore the balance between technological advancements and the irreplaceable human touch in medical care. Tune in for a timely exploration of politics and innovation!