New Structure Geared for Collaborative Growth and Fully Leveraging
Scale
Kurt Sievers Named President to Oversee All Businesses
EINDHOVEN,
The Netherlands,
Sept. 09, 2018 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V.
(NASDAQ: NXPI) announced today changes to the senior leadership team designed
to better align with the company’s renewed focus and growth strategy.
Effective immediately, Kurt Sievers, executive vice
president and general manager of NXP’s automotive business, has been
promoted to president of
NXP Semiconductors. Under the new structure, Kurt Sievers will oversee all of
NXP’s business lines.
“This new structure follows the natural evolution of our strategy, as we
strengthen our focus on secure connected devices through the automotive and
industrial and IoT businesses while also participating in the mobile and
communications infrastructure markets,” said Rick Clemmer,
chief executive officer of NXP. “As technological change accelerates, all our
focus verticals require edge to node platforms and solutions that facilitate
data analytics, machine learning and advanced services. By simplifying our
organization, we will be better able to fully leverage our scale, facilitate
cross-company collaboration and reduce overhead, all of which will help us
unlock the full profitable growth potential of our business.”
“Kurt is an exceptional leader who inspires others to reach their full
potential working across organization boundaries and delivers great results,”
said Rick Clemmer. “Under his guidance, our automotive
business has grown to be the #1 semiconductor supplier to that industry,
architecting the most complete solution portfolio and establishing the deepest
strategic partnerships across the autonomous driving and safer driving
mobility ecosystem. By continuously raising the bar, Kurt has helped us to
evolve from product leadership positions to be a recognized thought leader. I
am excited about the prospect of working with Kurt over the coming years to
extend these results across the entire business. We have a great team that I
am confident will be able to keep NXP evolving and growing.”
“This is an exciting time to lead our business to broader leadership for
Secure Connections for the Smarter World,” said Kurt Sievers.
“Our scalable embedded and analog solutions make it easy for our customers
to innovate, while we master the underlying complexity and ensure scalability,
functional safety and security,” he added. “I am energized by our positive
customer feedback and employee engagement and I look forward to make NXP the
benchmark of value creation for all our stakeholders.”
Ruediger (Rudy) Stroh has decided to pursue his next
chapter outside the company, effective September 30, 2018,
after a successful nine-year career during which he served as executive
vice-president and general manager of NXP’s security and connectivity
business.
“On behalf NXP’s board of directors, I want to thank Rudy for the passion,
energy and vision he brought to the company, and wish him all the best in the
future,” said Rick Clemmer, chief executive officer of
NXP Semiconductors. “Under his
talented leadership, NXP brought mobile wallets into the hands of billions of
consumers, created security solutions for billions of payment and identity
credentials and developed the broadest portfolio of fit-for-purpose IoT and
security solutions that pave the way for revolutionary machine learning
inferencing in edge computing. I believe the company is well positioned to
build on Rudy’s record of success and continue to deliver solid results. To
ensure the success of this change, Rudy will be working closely with Kurt and
me during a transition period.”
Jennifer Wuamett, deputy general counsel and chief IP
officer, will succeed Guido Dierick as executive vice
president and general counsel of
NXP Semiconductors, effective
immediately. Guido Dierick retires as general counsel but
remains country manager of NXP Semiconductors Netherlands.
“Jennifer’s unique mix of understanding technology and expertise in
intellectual property, corporate governance and legal matters make her ideally
suited to lead NXP’s legal and IP teams, as she did for Freescale
Semiconductor,” said Rick Clemmer. “Jennifer is an
industry-recognized intellectual property expert and an outstanding leader; in
an expanded role, her talent will continue to be a great asset for our
company.”
Guido Dierick retires from his general counsel position after
an exceptional 36-year career in the electronics industry.
“Guido’s achievements are too many to recount and he has been my trusted
partner throughout NXP’s history,” said Rick Clemmer. “I
sincerely thank Guido for his outstanding guidance, insights and leadership
across all these years; wish him well in his personal pursuits of charitable
causes and am glad he continues to contribute to our success as country
manager of NXP Netherlands.”
Biographical information for Kurt Sievers and
Jennifer Wuamett can be found on the
NXP leadership team
page on the company website.
About NXP Semiconductors
NXP Semiconductors N.V.
(NASDAQ: NXPI) enables secure connections and infrastructure for a smarter
world, advancing solutions that make lives easier, better, and safer. As the
world leader in secure connectivity solutions for embedded applications, NXP
is driving innovation in the secure connected vehicle, end-to-end security
and privacy and smart connected solutions markets. Built on more than 60
years of combined experience and expertise, the company has over 30,000
employees in more than 30 countries and posted revenue of
$9.26 billion in 2017. Find out more at
www.nxp.com.
For further information, please contact:
Investors:
Jeff Palmer
jeff.palmer@nxp.com
+1 408 518
5411
Media:
Joon Knapen
joon.knapen@nxp.com
+49 151 25743299
NXP USA, Inc.