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NXP Rejigs Leadership Team to Support Profitable Growth

NXP Semiconductors' new structure geared for collaborative growth and fully leveraging scale.

NXP Semiconductors announced changes to the senior leadership team designed to better align with the company’s renewed focus and growth strategy.

“This new structure follows the natural evolution of our strategy, as we strengthen our focus on secure connected devices through the automotive and industrial & IoT businesses while also participating in the mobile and communications infrastructure markets,” noted Rick Clemmer, Chief Executive Officer of NXP. Semiconductor. “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.”

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Kurt Sievers has been promoted to President of NXP Semiconductors. Sievers was Executive Vice President & General Manager of NXP’s Automotive Business. Siever’s promotion is effective immediately and he will oversee all of NXP’s business lines.

Commenting on his new position, Kurt Sievers said, “This is an exciting time to lead our business to broader leadership for Secure Connections for the Smarter World. Our scalable embedded & analog solutions make it easy for our customers to innovate, while we master the underlying complexity and ensure scalability, functional safety and security.”

“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, ” he added.

“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.”

Further, Jennifer Wuamett, Deputy General Counsel and Chief IP officer, will succeed Guido Dierick as Executive VP 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 & IP teams, as she did for Freescale Semiconductor,” added 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.”

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