Sean Hunkler to Join Operations and Rene Penning de Vries to Step Down as CTO
EINDHOVEN, THE NETHERLANDS, Jun 28, 2012 (MARKETWIRE via COMTEX) --NXP Semiconductors N.V. (NASDAQ: NXPI) today announced the appointment of Sean Hunkler as executive vice president and co-general manager of operations effective July 16. He takes over from Peter Kelly, NXP's new CFO. Along with Chris Belden, Sean will be responsible for all aspects of the company's global operations. Sean, Peter and Chris all report to CEO Rick Clemmer.
"The global operations organization is of key importance to the success of NXP and this is a critical role in driving continued operational performance improvement at NXP," said Rick Clemmer, president and CEO of NXP Semiconductors. "Sean has more than 28 years of experience in the semiconductor and materials industries in the US and Asia, including leading roles in internal and external manufacturing operations for MEMC and Freescale, so I am excited to have Sean join our team."
Sean will be based in Singapore, as this will support the company's initiative to further grow its presence in the Asia Pacific region.
NXP furthermore announced that Rene Penning de Vries has decided to step down as member of the NXP management team and as CTO, and will leave the company effective July 15.
"During his years of service and as CTO since 2002, Rene has made major contributions to the company. In particular, I want to thank Rene for his role in helping to define our High Performance Mixed Signal strategy in 2009, and changing the technology direction of the company to meet our strategic goals," said Clemmer.
Hans Rijns, senior vice president research and development, will take over as interim CTO reporting to Rick Clemmer. An announcement of his successor will follow in due course.
About NXP Semiconductors NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.2 billion in 2011. Additional information can be found by visiting www.nxp.com.
Forward-looking Statements This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions; the ability to successfully introduce new technologies and products; the end-market demand for the goods into which NXP's products are incorporated; the ability to generate sufficient cash, raise sufficient capital or refinance corporate debt at or before maturity; the ability to meet the combination of corporate debt service, research and development and capital investment requirements; the ability to accurately estimate demand and match manufacturing production capacity accordingly or obtain supplies from third-party producers; the access to production capacity from third-party outsourcing partners; any events that might affect third-party business partners or NXP's relationship with them; the ability to secure adequate and timely supply of equipment and materials from suppliers; the ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly; the ability to form strategic partnerships and joint ventures and to successfully cooperate with alliance partners; the ability to win competitive bid selection processes to develop products for use in customers' equipment and products; the ability to successfully establish a brand identity; the ability to successfully hire and retain key management and senior product architects; and, the ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and NXP's business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, NXP's market segments and product areas may develop. NXP has based these assumptions on information currently available, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While NXP does not know what impact any such differences may have on its business, if there are such differences, its future results of operations and its financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available from on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.
SOURCE: NXP Semiconductors