Cor Boonstra

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Cor Boonstra (1986) Cor Boonstra (1986).jpg
Cor Boonstra (1986)

Cor Boonstra (Leeuwarden, 7 January 1938) is mainly known as president of the Board of Directors of Philips (1996–2001).

Leeuwarden City and municipality in Friesland, Netherlands

Leeuwarden, Stadsfries: Liwwadden) is a city and municipality in Friesland in the Netherlands. It is the provincial capital and seat of the States of Friesland. The municipality has a population of 122,293.

Philips Dutch multinational electronics company

Koninklijke Philips N.V. is a Dutch multinational technology company headquartered in Amsterdam, one of the largest electronics companies in the world, currently focused in the area of healthcare and lighting. It was founded in Eindhoven in 1891 by Gerard Philips and his father Frederik, with their first products being light bulbs. It was once one of the largest electronic conglomerates in the world and currently employs around 74,000 people across 100 countries. The company gained its royal honorary title in 1998 and dropped the "Electronics" in its name in 2013.

Contents

Biography

At the age of 16, he quit his study at the Hogere burgerschool and started to work for Unilever. In 1974 he started to work for Sara Lee, where he ultimately became the president of the board of directors.

Unilever Anglo-Dutch multinational consumer goods company

Unilever is a British-Dutch transnational consumer goods company co-headquartered in London, United Kingdom and Rotterdam, Netherlands. Its products include food and beverages, cleaning agents, beauty products, and personal care products. It is Europe’s seventh most valuable company. Unilever is one of the oldest multinational companies; its products are available in around 190 countries.

Sara Lee Corporation American consumer-goods company

The Sara Lee Corporation was an American consumer-goods company based in Downers Grove, Illinois. It had operations in more than 40 countries and sold its products in over 180 countries. Its international operations were headquartered in Utrecht, The Netherlands.

On 31 December 1993 he withdrew from Sara Lee. [1] In the beginning of 1994 he was asked by former Philips top executive Jan Timmer to participate in the Board of Directors of Philips, to breathe new life to the brand Philips. Boonstra was responsible for the 'Let's make things better'- campaign.

Two years after his commencement of employment with Philips, Boonstra became the successor of Timmer as the president of the board of directors. He held this leading position until 2001. [2] While Boonstra was in charge, the market-value of Philips increased fivefold mainly by focusing on short-term profits and selling off company units like BSO/Origin (now a part of Atos and record company PolyGram. During his leadership he moved the head office (the top 350 employees) of Philips from Eindhoven to Amsterdam, the capital of the country. [3] Since most of the regular staff remained in Eindhoven, the birthplace of the company, this move was not popular among Philips employees. In 2000 Boonstra was chosen 'top executive of the year'. [4] Boonstra divorced two times, and has two children (Cor Boonstra and Roelof Boonstra) of his first wife.

Atos

Atos SE is a French multinational IT services corporation with its headquarters in Bezons, France and offices worldwide. It specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services. Atos operates worldwide under the brands Atos, Atos Consulting, Atos Healthcare, Atos Worldgrid, Bull, Canopy, Unify and Worldline.

PolyGram, founded in 1962, acquired by Universal Music Group in 1998 and merged into that group in 1999, was a Dutch entertainment company, which started as a major record label founded by Dutch Philips and German Siemens as a holding company for their music interests in 1972. The name was chosen to reflect the Siemens interest Polydor Records and the Philips interest Phonogram Records. The company traced its origins through Deutsche Grammophon back to the inventor of the flat disk gramophone, Emil Berliner.

Eindhoven City and municipality in North Brabant, Netherlands

Eindhoven is the fifth-largest city and a municipality of the Netherlands. It had a population of 229,126 in 2018, making it the largest city in the province of North Brabant, although 's-Hertogenbosch is its capital. Eindhoven was originally located at the confluence of the Dommel and Gender.

In 1998 Boonstra and his first wife barely survived a hijacking. At that time Boonstra already was having an affair with Sylvia Tóth. A few years later, Boonstra was accused of insider trading in which he allegedly earned several hundreds of thousands of euros by trading in Endemol shares (where Sylvia Tóth was a member of the board) just before that company was acquired by the Spanish Telefónica. [5] Boonstra was ultimately acquitted in court as no hard evidence existed that his partner Tóth had shared the information on the impending deal with him. The Dutch press referred to the inside deal as the "pillow talk deal".

Endemol was a Dutch-based media company that produced and distributed multiplatform entertainment content. The company annually produced more than 15,000 hours of programming across scripted and non-scripted genres, including drama, reality TV, comedy, game shows, entertainment, factual and children's programming.

Telefónica telecommunications company based in Madrid, Spain

Telefónica, S.A. is a Spanish multinational telecommunications company headquartered in Madrid, Spain. It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony, broadband and subscription television, operating in Europe and America.

A few months later Cor Boonstra was again charged for not reporting trading in Ahold shares where he himself was a member of the board. He was found guilty and charged a 135.000 euro fine.

Ahold company

Koninklijke Ahold N.V. was a Dutch international retailer based in Zaandam, Netherlands. It merged with Delhaize Group in 2016 to form Ahold Delhaize.

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References

Notes

  1. FEM Business & Finance: FEM top 100 most powerful officials, Cor Boonstra (Dutch website - link broken)
  2. NRC Handelsblad, E. van der Walle, Boonstra maakte Philips welvarend, 30 August 2000
  3. Philips headquarters to move
  4. FEM Business & Finance: Cor Boonstra, FEM top 100 most powerful officials (Dutch website - link broken)
  5. Tóth werd dag voor handel Boonstra ingelicht