NXP’s ceo resigns

NXP’s chief executive Frans van Houten has resigned and has been replaced as president and ceo by Rick Clemmer. Clemmer, who was already a member of NXP’s supervisory board, was recently ceo of Agere Systems.

According to van Houten, NXP has made great strides in a difficult market and business environment. “I feel privileged to have led the company for the last four years and established its independence as a competitive semiconductor leader. However, I have reflected on the future and decided it is the right time to move on.” Clemmer added: “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.”