NXP Semiconductors Shareholders Elect all Nominated Directors; Chunyuan Gu Joins the Company’s Board of Directors

Rhea-AI Summary

NXP Semiconductors N.V. (NASDAQ: NXPI) announced at its Annual General Meeting the election of all nominated directors, including Chunyuan Gu as a non-executive director. Gu brings over 30 years of experience from ABB Ltd, where he held various leadership roles, including president of the Asia, Middle East, and Africa regions. NXP's Chairman, Sir Peter Bonfield, highlighted Gu's technology expertise as essential for driving the company's growth in delivering secure connectivity solutions. NXP generated $11.06 billion in revenue in 2021 and employs around 31,000 people globally.

Positive

• Chunyuan Gu's addition to the Board is expected to enhance strategic direction and growth opportunities due to his extensive experience in technology and leadership.

Negative

• None.

EINDHOVEN, The Netherlands, June 06, 2022 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) reports that at its Annual General Meeting (“AGM”), shareholders overwhelmingly elected all nominated directors, including the addition of Chunyuan Gu to the Company’s Board of Directors as non-executive director.

“On behalf of the Board of Directors, we are excited to welcome Chunyuan to the Board. Chunyuan’s expertise in technology and c-suite experience will help NXP continue to drive growth and evolution as a company that delivers products and solutions that make the connected world better, safer and more secure,” said Sir Peter Bonfield, NXP Chairman of the Board.

About Chunyuan Gu

Chunyuan Gu has over 30 years of experience working at ABB Ltd, a global technology leader in electrification and automation serving customers in utility, industry, transportation and infrastructure sectors. Mr. Gu began his career at ABB Corporate Research in Sweden in 1989, and has held various leadership roles in R&D, manufacturing operations and general management. He has held various leadership positions during his tenure including serving as a member of the executive committee and president of the Asia, Middle East and Africa regions. Since 2020, Mr. Gu has been a non-executive director of CLP Holdings Limited, and since 2021, he has served as a senior advisor at Blackstone Ltd. Mr. Gu holds a bachelor of engineering from Shanghai Jiao Tong University and a PhD, school of aeronautics from the Royal Institute of Technology, Stockholm. He is a fellow of IVA, the Royal Swedish Academy of Engineering Sciences.

A complete list of NXP’s Board of Directors can be found at www.nxp.com/boardofdirectors.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) enables a smarter, safer and more sustainable world through innovation. As a world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries 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 31,000 employees in more than 30 countries and posted revenue of $11.06 billion in 2021. Find out more at www.nxp.com.

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Jacey Zuniga
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Jeff Palmer
+1-408-518-5411
jeff.palmer@nxp.com

NXP-CORP

FAQ

What does Chunyuan Gu bring to NXP Semiconductors' Board of Directors?

Chunyuan Gu brings over 30 years of experience in technology and leadership, particularly from his tenure at ABB Ltd.

What was NXP Semiconductors' revenue in 2021?

NXP Semiconductors posted a revenue of $11.06 billion in 2021.

Why was Chunyuan Gu elected to NXP's Board of Directors?

He was elected for his technology expertise and experience in leadership roles, which are seen as valuable for driving NXP's growth.

Who is the chairman of NXP Semiconductors?

Sir Peter Bonfield is the Chairman of the Board at NXP Semiconductors.