NXP Semiconductors Names Bill Betz as Executive Vice President and Chief Financial Officer
10/12/2021 - 04:15 PM
EINDHOVEN, The Netherlands, Oct. 12, 2021 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) announced today that Bill Betz has been named NXP’s Executive Vice President and Chief Financial Officer, effective immediately. Betz, formerly Senior Vice President, Business Finance for NXP, replaces Peter Kelly, who – as announced this February – has decided to retire from NXP. Betz will report directly to NXP President and Chief Executive Officer Kurt Sievers.
“We are excited to have Bill join the NXP Management Team as CFO,” said Kurt Sievers, NXP President and CEO. “His experience, deep understanding of NXP’s business model, and the partnerships he has built with our business leaders will enable us to achieve our strategic growth and profitability goals.”
“I would also like to thank Peter Kelly for his dedication and contributions to NXP, and wish him well as he enters retirement after more than 40 years in the technology industry,” Sievers added.
About Bill Betz Most recently, Bill was Senior Vice President, Business Planning & Analytics and Finance Business Group Controller for NXP’s business lines and shared service centers, and led the corporate financial planning, analysis, and business intelligence teams. Prior to joining NXP in 2013, he held finance leadership roles at Fairchild Semiconductor, LSI Corporation and Agere Systems.
Bill holds a Master of Business Administration from the University of Chicago Booth School of Business and a Bachelor of Science in Business Administration from West Virginia University.
About NXP Semiconductors NXP Semiconductors N.V. enables secure connections for a smarter world, advancing solutions that make lives easier, better, and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 29,000 employees in more than 30 countries and posted revenue of $8.61 billion in 2020. Find out more at www.nxp.com .
For further information, please contact: Investors: Media: Jeff Palmer Jacey Zuniga jeff.palmer@nxp.com jacey.zuniga@nxp.com +1 408 518 5411 +1 512 895 7398
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Industry
Semiconductor and Related Device Manufacturing
Sector
Manufacturing
Tags
Electronic Technology, Semiconductors, Manufacturing, Semiconductor and Related Device Manufacturing
Country
Netherlands
City
Eindhoven
About NXPI
the electronics industry is being driven by four mega trends that are helping shape our society: energy efficiency, connected devices, security and health. connecting to these trends and enabling secure connections for a smarter world, nxp semiconductors n.v. (nasdaq: nxpi) creates solutions that enable secure connections for a smarter world. building on its expertise in high performance mixed signal electronics, nxp is driving innovation in the application areas connected car, security, portable & wearable and internet of things. nxp has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014. find out more at nxp.com. additional information can be found by visiting www.nxp.com.