I think you'll find that Steve Heapy has been leading the company from an operational perspective for some time. Philip did exert some influence on the company in terms of its guiding values, however I feel that the company as a whole has bought into these and engender them from day to day. It will be interesting to see what Philips replacement will look like. Hopefully they'll come in, observe and then make changes, rather than storming in with massive change from the outset. It would be foolish (in my opinion) to drastically alter what is a successful operation. The Executive leadership need to be looking to the medium/long term future and how that looks, rather than messing around with the present and short-term.