NXP Semiconductors N.V. announced 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.
“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 executive officer of NXP. “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 organisation, 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.”
“Kurt is an exceptional leader who inspires others to reach their full potential working across organisation boundaries and delivers great results,” said Rick Clemmer. “Under his guidance, our automotive business has grown to be the number one 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 recognised 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.”
“This is an exciting time to lead our business to broader leadership for Secure Connections for the Smarter World,” said Kurt Sievers. “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,” he added. “I am energised by our positive customer feedback and employee engagement and I look forward to make NXP the benchmark of value creation for all our stakeholders.”