Gary Throup

Vice President Treasury Control and Operations

Philips, Netherlands

Industry:
Consumer electronic / lighting / healthcare
Annual turnover:
€22.3bn – sales 2010
Treasury staff:
50
Treasury structure:
Centralised
TMS:
SAP
Cross-border pooling:
Yes
Cash rich or debt:
Debt

 

Speaker profile

Gary Throup is leading the Treasury Control and Operations department in Philips, this consists of global cash management, treasury operations, risk control, accounting, group treasury control and the treasury operations change team. He has worked for 6 years in Philips Treasury. Before joining Philips Gary was Treasury Controller with TNT and prior to this held management and financial accounting roles within a UK financial institution.  Gary is a Chartered Accountant and ACT Certified Treasurer.

Corporate profile

Royal Philips Electronics is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity.” Headquartered in the Netherlands, Philips employs over 120,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare.