NXP Semiconductors N.V. announced that at its Annual General Meeting of Shareholders, company president Kurt Sievers was appointed executive director and CEO, effective immediately.

 

Sievers, 51, has been NXP president since 2018, and will continue in that role.

 

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 CEO,” 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,” Sievers said. “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 ensuring 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 had 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.