Royal Philips, the first female Chief Financial Officer and member of the Management Board in the company's history, will begin her tenure on Tuesday. 45-year-old Charlotte Hanneman will replace Abhijit Bhattacharya, who has been serving as Chief Financial Officer of the Dutch medical devices manufacturer since 2015. Hanneman previously worked for the American medical devices manufacturer Stryker Corp. Philips is working to regain the trust of shareholders and consumers, as the company's costs for settling claims related to faulty sleep apnea devices were lower than expected. (Global Market Broadcast)