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Philips NV said on Monday it had appointed Abhijit Bhattacharya as chief financial officer with immediate effect to succeed the departing Ron Wirahadiraksa.
Swiss-based LafargeHolcim, the world's largest maker of building materials, said on Monday it had hired Wirahadiraksa as CFO.
Bhattacharya, an Indian national, was the top financial manager at Philips' lighting division, which is being carved out into a separate company. He had also been overseeing the separation project.
Bhattacharya, 53, previously worked as CFO of Philips' healthcare division, and for semiconductor company NXP.
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