NXP Semiconductors has appointed Kurt Sievers as CEO, effective immediately.

In the capacity, Sievers will also remain president of NXP, a role he has held since 2018.

As previously announced, Richard Clemmer, who previously led the company for 11 years, will remain an advisor to NXP.

“On behalf of the NXP Board of Directors, we are pleased to officially welcome Kurt as our next Chief Executive Officer,” said NXP chairman, Sir Peter Bonfield. “Kurt has proven himself exceptionally qualified to lead NXP into its next chapter and I could not be more confident in his abilities as he leads the company through the current unpredictable and fluid environment.

“His expertise across business segments, passion for innovation and connections with NXP investors, customers, and employees around the world make Kurt the right leader to continue and build on the company’s successful strategy for years to come.”

Since September, 2018, Sievers has been president of NXP, with direct oversight and management of all NXP’s business lines.

Sievers joined NXP (then Philips Semiconductors) in 1995 and rapidly moved through a series of Marketing & Sales, Product Definition & Development, Strategy and General Management leadership positions across a broad number of market segments.