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NXP Semiconductors CEO joins board of HP

NXP Semiconductors CEO joins board of HP

Written by David

February 28, 2020

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HP Inc. has appointed NXP Semiconductors CEO Rick Clemmer to its board of directors, the Palo Alto computer and printer giant announced Thursday.

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Clemmer has served as CEO of the Netherlands and Texas-based chipmaker since 2009. Prior to that he spent two years as the CEO of Agere Systems Inc., now part of San Jose-based Broadcom Inc. Clemmer has also served as a senior advisor of the New York City private equity and global investment firm KKR & Co. Inc.

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“This is an especially exciting time for HP,” Clemmer said in a statement. “Innovation across HP’s Personal Systems, Print and 3D Printing and Digital Manufacturing businesses provides a strong foundation for growth and value creation.” HP board chair Chip Bergh said in the statement that Clemmer has a record of “balancing disciplined cost cutting with growth investments, including through strategic transitions, that we believe will be additive to HP.” […]

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