NXP

NXP Reorganizes Leadership Team to Support Profitable Growth

New Structure Geared for Collaborative Growth and Fully Leveraging Scale
Kurt Sievers Named President to Oversee All Businesses

 

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 & 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.

 

Rick Clemmer, chief an executive officer of NXP

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, said Rick Clemmer, chief
an executive officer of NXP.

 

As technological change accelerates, all our focus verticals require an 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
the potential of our business.

 

Kurt is an exceptional leader who inspires others to reach their full potential working across
organizational boundaries and delivers great results added 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. Excited about the prospect of working with Kurt over the coming years to extend these results across the entire business. Great team that is 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.  Scalable embedded & analog solutions make it easy for customers
to innovate, while we master the underlying complexity and ensure scalability, functional
safety and security, he added. Energized by our positive customer feedback and employee
engagement and I look forward to making NXP the benchmark of value creation for all our
stakeholders.

Career

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 & connectivity business.

 

NXP’s board of directors

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, a 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 & 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

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 The 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 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
an asset to 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.  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.

The biographical information for Kurt Sievers and Jennifer Wuamett can be found on the NXP leadership team page on the company website.

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