NXP Semiconductors Shareholders Elect Kurt Sievers as Chief Executive Officer
27 Mayo 2020 - 8:15AM
NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that at its
Annual General Meeting of Shareholders (“AGM”), shareholders
overwhelmingly approved the appointment of Kurt Sievers, 51, as an
executive director and the company’s Chief Executive Officer,
effective immediately. In this capacity Mr. Sievers will also
remain President of NXP, a role he has held since 2018. As
previously announced, Richard “Rick” Clemmer, who previously led
the company for 11 years, will remain a strategic advisor to NXP.
“On behalf of the NXP Board of Directors, we are pleased to
officially welcome Kurt as our next Chief Executive Officer,” said
Sir Peter Bonfield, NXP Chairman of the Board. “Kurt has proven
himself exceptionally qualified to lead NXP into its next chapter,
and I could not be more confident in his abilities as he leads the
company through the current unpredictable and fluid environment.
His expertise across business segments, passion for innovation and
connections with NXP investors, customers, and employees around the
world make Kurt the right leader to continue and build on the
company’s successful strategy for years to come.”
“I am truly humbled and honored to have been granted the
opportunity to lead this fine company – a company that I am proud
to have been with since our founding in 2006,” said Kurt Sievers.
“While we face unprecedented times, I remain confident in our
winning strategy to develop and profitably grow market leading and
highly differentiated businesses, and continue to foster a culture
of innovation and collaboration. I look forward to continuing to
work alongside the very best and brightest team and I am committed
to ensure the safety and well-being of each and every one of our
employees as we weather the pandemic. I could not be prouder of how
we have adapted and stayed focused in these times, and I am
confident that we will emerge from this stronger, leading NXP into
its promising future.”
Since September 2018, Sievers has been the President of NXP,
with direct oversight and management of all NXP’s business lines.
Sievers joined NXP (then Philips Semiconductors) in 1995, and
rapidly moved through a series of Marketing & Sales, Product
Definition & Development, Strategy and General Management
leadership positions across a broad number of market segments. He
has been a member of the executive management team since 2009,
where he has been instrumental in the definition and implementation
of the NXP High-Performance Mixed Signal strategy. In 2015, Sievers
was influential in the merger of NXP and Freescale Semiconductors,
which resulted in creating one of the leading semiconductor
companies, with distinct leadership in Automotive semiconductors
and Secure Edge Processing.
About NXP SemiconductorsNXP Semiconductors N.V.
(NASDAQ: NXPI) enables secure connections 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 automotive,
industrial & IoT, mobile, and communication infrastructure
markets. Built on more than 60 years of combined experience and
expertise, the company has approximately 29,000 employees in more
than 30 countries and posted revenue of $8.88 billion in 2019. Find
out more at www.nxp.com.
Forward-looking StatementsThis 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: the duration and spread of the
COVID-19 outbreak, its severity, the actions to contain the virus
or treat its impact, and how quickly and to what extent normal
economic and operating conditions can resume; 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; trade
disputes between the U.S. and China, potential increase of barriers
to international trade and resulting disruptions to our established
supply chains; 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,
including the outbreak of COVID-19 or the requirements to suspend
activities with customers or suppliers because of changing import
and export regulations; 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 achieve targeted
efficiencies and cost savings; 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 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 markets 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 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 on our Investor
Relations website, www.nxp.com/investor or from the SEC
website, www.sec.gov.
For further information, please contact:
Investors:Jeff Palmerjeff.palmer@nxp.com+1 408 518 5411
Media:Jacey Zunigajacey.zuniga@nxp.com+1 512 895 7398
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