NXP Semiconductors Announces Executive Transition

NXP Semiconductors N.V.’s Board of Directors unanimously nominated Kurt Sievers, 50, to be appointed as president and CEO during the May 27 Annual General Meeting of Shareholders, the company announced. 

Sievers will succeed Richard “Rick” Clemmer, who led NXP since 2009 and will remain a strategic advisor to NXP.

“After a distinguished career establishing NXP as the world leader in automotive semiconductor solutions, Kurt is the ideal candidate to become NXP’s next CEO,” said Sir Peter Bonfield, NXP chairman of the Board. “The Board and I believe Kurt has all of the requisite skills to lead NXP, and to drive the strategy that Rick, Kurt and the management team have developed over the past years.

“As we look forward to the next chapter in NXP’s history, it is important to recognize Rick’s immense contribution and unwavering leadership of NXP,” Bonfield continued. “The industry-leading company that Kurt is about to take over is directly a result of Rick’s years of selfless dedication, business acumen, and thoughtful leadership.”

Since September 2018 Sievers has been the president of NXP, with direct oversight and management of all NXP’s business lines.

Sievers joined NXP in 1995 and 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.

In 2015, Sievers was influential in the merger of NXP and Freescale Semiconductors.

“The opportunity that lies ahead for NXP is significant, and the ability to lead the organization into its next chapter is deeply humbling and incredibly exciting,” said Sievers. “Over the past decade, I have had the great pleasure and honor to work alongside Rick. He has been both an inspiring leader and a mentor in my career evolution.

“Since the merger with Freescale, we’ve been able to expand our footprint towards truly innovative solutions in the Internet of Things and automotive. We leverage our focus on safe and secure edge computing along with connectivity and efficient power management,” he continued. “We have made great strides in our execution and I will stay true to this successful and winning strategy. As an organization, we will continue to passionately focus on our customers’ success based on trusted partnerships. We will foster a culture of innovation, collaboration and personal accountability that will result in highly engaged teams delivering profitable growth.”

Added Clemmer: “I have had the opportunity to work with and support Kurt’s growth and evolution at NXP over the last 11 years and am convinced he is the best leader to continue to take NXP into the next chapter of success…”