NXP Adds Three New People to its Board of Directors

“The three new directors will help fill out a nine-person NXP Semiconductors board.”

NXP Adds Three New People to its Board of Directors

NXP Semiconductors has appointed three new non-executive members to its Board of Directors. The decision was made during the company’s Annual General Meeting on June 17 in Amsterdam.

The new board members are Lena Olving, Jasmin Staiblin, and Karl-Henrik Sundström, all three of whom bring extensive executive experience to their respective positions. Olving previously held numerous executive positions at Mycronic AB, Saab AB, and Volvo, while Staiblin served as CEO of Alpiq and ABB Switzerland.

Sundström, meanwhile, is returning to NXP after serving as the company’s CFO from 2008-2012. He is currently the CEO of Stora Enso.

The three new directors will help fill out a nine-person NXP Semiconductors board. The other six members were all reappointed during the AGM, as was CEO Richard L. Clemmer. All other proposals – including a Share Repurchase Authorization and an Omnibus Plan – were approved during the meeting.

The routine corporate news comes shortly after a pair of major NXP announcements. Earlier this month, the company launched the EdgeVerse brand to consolidate its edge computing portfolio, and is partnering with Microsoft to develop a new edge processor for the Azure Sphere platform. NXP is also working on a next-generation Driver Monitoring System in collaboration with Momenta.