Two top Signify executives leaving

Signify’s ongoing cutbacks in its central organization have claimed the job of at least one top executive, as the company is eliminating the role of chief commercial officer, held by Maria Letizia Mariani. At the same time, chief financial officer Javier van Engelen is resigning.

The company also announced that its supervisory board — which is itself in transition — is backing CEO Eric Rondolat for re-election for another four years when his current four-year term expires in May 2024. 

Rondolat has been adamant about shrinking the central organization, a process that quickened earlier this year and that it reaffirmed as part of a restructuring announced on Dec. 1 in which Signify created a fourth division, responsible for OEM business, to go along with three other existing vertical divisions and name changes on two of them.

Until now, though, the Eindhoven, Holland–based company has refrained from stating which executive jobs might go at headquarters.

That changed this week.

“As Signify moves to a new operating model announced on December 1, it has been agreed not to renew the role of chief commercial officer, held by Maria Letizia Mariani since her appointment in 2020,” the company stated. “Therefore, she will not be up for re-appointment at the AGM [annual general meeting] in May 2024. Maria Letizia will assist the CEO with the transition and work on some key strategic projects until the end of her term.”

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