Signify shuffling CFO and head of Hue

The world’s largest lighting company said CFO Stéphane Rougeot will step down on March 1 for personal reasons. Rougeot has been CFO since Sept. 1, 2016, assuming the role a few months after the company spun off from Royal Philips via an IPO in late May of that year, when Signify was still called Philips Lighting, He will be temporarily replaced by his predecessor in the job, René van Schooten, who was CFO of Philips Lighting for a short while from October 2015 through August 2016. Van Schooten currently serves as the direct head of Signify’s Lamps and Home business groups, and has held general oversight of all business groups since April 2017. Other groups include Professional, which handles Internet of Things (IoT) lighting among other things; and LED, which handles street lights, LED bulbs including private label, drivers, and modules.