NXP Semiconductors Brings in Leadership Changes

Nasdaq-listed NXP Semiconductors NV, a global leader in secure connectivity solutions for embedded applications, on Tuesday brought in changes in its senior leadership team. The new leadership team, the company management team, hopes, would reflect the company’s renewed focus and growth strategy better.

In the new scheme of things, Kurt Sievers, executive vice president & general manager of NXP’s automotive business, has been elevated to president of NXP Semiconductors. He will now oversee all of NXP’s business lines.

Rick Clemmer, chief executive officer of NXP, said that this new structure follows the natural evolution of the company’s strategy, as it strengthens its focus on secure connected devices through the automotive and industrial & IoT businesses, participating simultaneously in the mobile and communications infrastructure markets. As technological change accelerates, all its focus verticals require an edge to node platforms and solutions that facilitate data analytics, machine learning, and advanced services. By simplifying the organization, the company will be better able to fully leverage its scale, facilitate cross-company collaboration and reduce overhead, all of which will help it unlock the full profitable growth potential of our business.

In another significant change, Jennifer Wuamett, who is currently the deputy general counsel and chief IP officer, will now succeed Guido Dierick as executive vice president and general counsel of NXP Semiconductors, with immediate effect. Guido Dierick retires as general counsel but remains country manager of NXP Semiconductors, Netherlands.

The CEO said that Kurt is an exceptional leader who inspires others to reach their full potential working across organizational boundaries and delivers great results. Under his guidance, company’s automotive business has grown to be the number 1 semiconductor supplier to that industry, architecting the most complete solution portfolio. The company also established the deepest strategic partnerships across the autonomous driving and safer driving mobility ecosystem. By continuously raising the bar, Kurt has helped the company to evolve from product leadership positions to be a recognized thought leader.

Sievers said that this is an exciting time to lead the company’s business to broader leadership for Secure Connections for the Smarter World. Its scalable embedded & analog solutions make it easy for its customers to innovate, while this master the underlying complexity and ensure scalability, functional safety, and security.