Van Houten resigns from NXP

Frans van Houten has resigned as CEO of NXP Semiconductors, to be replaced by Richard Clemmer, the former chief of Agere Systems, tomorrow (1 January 2009).

Sir Peter Bonfield, chairman of the supervisory board of NXP, said: “I am pleased to welcome Richard Clemmer as the new CEO. Rick has extensive executive leadership experience in the high tech industry, including semiconductor, storage, e-commerce, and software companies.  He is very familiar with NXP and well suited to bring NXP to the next level.
 
“I would also like to express my deep appreciation to Frans for his achievements and his leadership. He has done an outstanding job in establishing NXP as an independent company after successfully leading the spin out of Philips Semiconductor division.  Under his leadership, NXP sharpened its portfolio focus, completed six M&A deals, became more cost effective, attracted new talent, and strengthened its position as a leader in its served markets,” continued Bonfield.
 
Clemmer, who is already a member of the NXP supervisory board, said: “After spending the last six months working closely with the team, I look forward to building on all that has been achieved at NXP. This is a company with a great history, great technology, and a great future. I am excited about the opportunity to work with the team to make NXP an even stronger leader in the semiconductor industry. We continue to focus on innovative solutions for our worldwide customers.”
 
Van Houten said: “At NXP, we have made great strides in a difficult market and business environment and I feel privileged to have led the company for the last four years and established its independence as a competitive semiconductor leader. However, after being in this job for four years, I have reflected on the future and decided it is the right time to move on.”

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