NXP nominates new director

The board of directors of the Eindhoven chip company NXP nominates Kurt Sievers as the new director of the company. Sievers is currently already a director of the company and would succeed Richard Clemmer as CEO of NXP.

The board of directors unanimously nominates Sievers. A shareholders’ meeting will be held on May 27 at which the decision on the new CEO will be finalized. NXP’s current director, Richard Clemmer, has held that position since 2009. He remains involved with the chip company as a strategic advisor and joined HP’s board of directors at the end of February.

Kurt Sievers has been a director of NXP since September 2018 and has been with the company since 1995, then still the semiconductor division of Philips. After the demerger in 2006, the company continued as NXP, which stands for Next eXPerience.

He has held leadership positions in marketing & sales, product development, strategy and general management, among others. He also played an important role in the merger of NXP with Freescale Semiconductor, according to NXP. Partly as a result of this merger, NXP has gained significant market share in the field of internet-of-things and automotive chips.