Complex sentence: Gerard and his younger brother Anton Philips changed the business to a corporation by founding in 1912 the NV Philips' Gloeilampenfabrieken Being the first CEO of the Philips corporation, Gerard laid with his brother Anton the base for the later Philips multinational.
Split into simpler sentences: Gerard and his younger brother Anton Philips changed the business to a corporation by founding in 1912 the NV Philips' Gloeilampenfabrieken. As the first CEO of the Philips corporation, Gerard laid with Anton the base for the later Philips multinational.