SOURCE: NXP Semiconductors

NXP Semiconductors

October 10, 2013 06:00 ET

NXP Welcomes Two New Non-Executive Directors

Dr. Marion Helmes and Julie Southern to Join Board of Directors

EINDHOVEN, THE NETHERLANDS--(Marketwired - Oct 10, 2013) -  NXP Semiconductors N.V. ("NXP") (NASDAQ: NXPI) announced that today's Extraordinary General Meeting of Shareholders resolved to appoint Dr. Marion Helmes and Julie Southern as non-executive directors in its Board of Directors. Both Dr. Helmes and Ms. Southern will also be members of the Board's Audit Committee.

"In the spirit of diversity of thought we are pleased to find two new competent directors," said Rick Clemmer, President and CEO of NXP.

Dr. Helmes is Chief Financial Officer (CFO) and speaker of the management board of pharmaceutical company Celesio AG. Prior to joining Celesio, Dr. Helmes was CFO of Q-Cells SE and held various management roles at ThyssenKrupp AG. Ms. Southern is a former CFO and Chief Commercial Officer of Virgin Atlantic Ltd., the UK's second largest long-haul airline; prior to that, she was chartered accountant at Price Waterhouse.

"I am excited to be able to welcome Dr. Marion Helmes and Julie Southern as independent non-executive directors," said Sir Peter Bonfield, Chairman of the Board of Directors of NXP. "Both bring a tremendous amount of expertise and experience to our Board of Directors. In addition, their appointments will increase the independence of our board."

Vikram Bhatia, who was originally nominated to the Board by the Philips UK Pension Fund ("PPTL") in May 2011, has resigned as of today as non-executive director in view of the decreased shareholding of PPTL. "I am very thankful for Viki's contribution to our Board during NXP's journey in the last four years and wish him all the best," said Sir Peter Bonfield.

About NXP Semiconductors
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 automotive, identification and mobile industries, and in application areas including wireless infrastructure, lighting, healthcare, industrial, consumer tech and computing. NXP has operations in more than 25 countries, and posted revenue of $4.36 billion in 2012. Find out more at www.nxp.com.

Forward-looking Statements
This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations and market data, as well as other statements that are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in NXP's SEC filings. Copies of NXP's SEC filings are available from the SEC website, www.sec.gov.

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