The CEO of Royal Philips Electronics (PHG), Kleisterlee is retooling this company and has mapped out a new restructuring plan with three primary markets in mind. Kleisterlee took office in 2001 and has accomplished the impossible: turning around the slow moving electronics giant and starting it back on a growth track.  At an Amesterdam press conference on Sept 10th he laid out his restucturing plan for the next step in Philips’ long revival.  He promises to double operating profits by 2010. Philips shares jumped on the news…this is a stock to watch.

Socialize