Signify Announces New Customer-Centric Organization and Structural Cost Reductions

December 4, 2023

Signify recently announced it is adapting its organization to enhance customer-centricity, speed of execution and reduce its structural costs.

“After the major transformation we achieved through the past decade, we are taking the next step by organizing our company around four vertically integrated businesses. Three of these will focus on customers: Professional, OEM and Consumer. The fourth will be dedicated to conventional lighting technologies.

Aligned to the new customer-centric structure, we will further adjust the size of our central organization and reduce our costs to support the company’s performance in the face of ongoing market volatility and uncertainty. Already started in Q4 2023, these changes will be implemented through 2024, with the majority achieved by Q2, and generating expected annualized savings in excess of €200 million.

Together, these measures will increase focus and accelerate the execution of our strategy, supporting our continued leadership in the transition to energy efficient connected lighting to unlock the extraordinary potential of light for brighter lives and a better world.”

Eric Rondolat, CEO of Signify
Moving forward, Signify will report against four businesses with vertically integrated P&Ls, adapted from the current three divisions as follows:
  • The Professional business will offer LED lamps, luminaires, connected lighting systems and services to customers in the professional segment.
  • The Consumer business will offer LED lamps, luminaires, and connected products, including Philips Hue and WiZ, to customers in the consumer segment.
  • The OEM business will offer lighting components to the industry.
  • The Conventional business will offer special lighting, digital projection, conventional lamps and lamp electronics.

The changes will be implemented through 2024, with the majority achieved by Q2, and are subject to proceedings with Signify’s social partners, depending on local legislation.

In the course of Q1 2024, Signify will make comparable financials available for the fiscal year 2023 under the new organizational structure and provide more information on one-off restructuring costs.

More information available here

Related Article

Signify Wins 8 Red Dot Awards for Design Excellence

Signify will receive eight prestigious awards for product design at the Red Dot Design Awards 2023 in Essen, Germany, recently. Among the winning products are the Philips MyCreation Coastal breeze, a 3D-printed lamp made from recovered fishing nets that won the award for ‘Innovative Product’, and Philips Hue’s Perifo, a new smart tracking system.

Related Articles


Changing Scene

  • LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE is pleased to announce the appointment of Sterling Architectural Products Ltd. (Sterling Lights) as their new specification agent in Ontario. This partnership strengthens LEDVANCE’s presence in the region and reinforces their commitment to serving the professional lighting design and specification community with innovative, reliable lighting solutions. With decades of experience and a service-driven mindset,… Read More…

  • May 29, 2025 - Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka is pleased to announce that its Velia, Cirra, and Junction luminaires have each received a 2025 Red Dot Design Award for Product Design. It is the 11th consecutive year that Eureka products have been honored with this prestigious award, which is a testament to the company’s consistency and relentless drive to design exceptional luminaires.… Read More…


Design

  • The Difference Between Accent, Ambient & Task Lighting: Ultimate Guide

    The Difference Between Accent, Ambient & Task Lighting: Ultimate Guide

    In interior design, lighting is not just about brightening the room. Sensitive lighting layout is the key in the whole aesthetic atmosphere. An outstanding lighting solution will not rely on one type of fixture. Rather, it is through the combination of different types of lighting. Accent, ambient, and task lighting are three basic types of… Read More…

  • Graphic Office Interiors Enhance Their Office Space, Incorporating State-Of-The-Art Lighting Solutions

    Graphic Office Interiors Enhance Their Office Space, Incorporating State-Of-The-Art Lighting Solutions

    Graphic Office Interiors, a renowned office design and furnishings company serving Vancouver Island since 1966, embarked on a unique lighting project for their personal office in Saanichton, BC. This project marked the first collaboration between Kelly Inglis of Mac’s II Agencies and Graphic Office Interiors’ in-house registered interior designer, Laura Harlos. Known for their exclusive Steelcase furniture line, modular moveable… Read More…


New Products

  • Legrand Unveils Wattstopper i3:  Next-Generation Lighting & Building Intelligence Solution Powered by KODE Labs

    Legrand Unveils Wattstopper i3:  Next-Generation Lighting & Building Intelligence Solution Powered by KODE Labs

    Legrand has announced the launch of the Wattstopper i3 Platform, a next-generation lighting and building intelligence solution powered by KODE Labs, a recognized name in advanced smart building technology. Wattstopper i3 unites Legrand’s established Wattstopper DLM and Wattstopper PLUS systems under a cohesive interface. With KODE’s award-winning OS at its core, the platform consolidates data… Read More…

  • Acuity: New C1D2 Emergency Exit Combo – HLEMC

    Acuity: New C1D2 Emergency Exit Combo – HLEMC

    The HLEMC from Holophane is a high-performing, IP66 rated emergency exit combo that is designed for use in Class 1, Div 2, groups A, B, C, & D hazardous environments, meeting up to a T3C temperature rating. The HLEMC is designed with a one-piece corrosion-resistant enclosure that is high-impact resistant to protect fixture against elements,… Read More…