NXP Semiconductors CFO Leaves for Applied Materials
24 Julio 2017 - 9:42AM
Noticias Dow Jones
By Cara Lombardo
The chief financial officer of NXP Semiconductors NV is leaving
after three years to serve in the same role at a company that
provides manufacturing equipment to the semiconductor industry.
NXP said Monday that Daniel Durn, 50 years old, will leave the
company Aug. 6 to become finance chief of Applied Materials. Mr.
Durn said in a statement that Applied Materials is "working in the
sweet spot of the industry."
Mr. Durn's predecessor at NXP, Peter Kelly, will reassume the
CFO post. NXP Chief Executive Rick Clemmer said Mr. Durn helped
position the company ahead of its expected acquisition by Qualcomm
Inc. That deal, approved by U.S. regulators, is awaiting approval
by the European Commission.
Applied Materials said Monday that current CFO Robert Halliday
will remain with the company in a business-development role until
the end of the year, when he plans to retire.
Applied Materials is larger than NXP, with a market cap of $50.3
billion compared with NXP's $37 billion.
Shares in Applied Materials are up 45% this year, while NXP
shares are up 12%. Shares in both companies were little changed in
early trading.
(END) Dow Jones Newswires
July 24, 2017 10:27 ET (14:27 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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