NXP Names Dan Durn CFO Effective December 7, 2015

NXP Semiconductors N.V. (NASDAQ: NXPI) announced today that effective December 7, 2015 Dan Durn will become executive vice president and Chief Financial Officer of NXP.  Peter Kelly, NXP's current CFO, has expressed a desire to retire in 2017 and the appointment of Mr. Durn is part of the succession plan for the company. Mr. Kelly will continue to report to Rick Clemmer, NXP's CEO and will continue to be a key member of the NXP Management Team. In his new role Mr. Kelly will focus on Strategy and M&A, as well as ensuring a successful integration with Freescale. "The potential of the merger was a key factor in attracting Dan to join NXP," said Rick Clemmer, NXP Chief Executive Officer. "I have known Dan for many years and am confident his deep core competence in semiconductors and leadership skills will further strengthen our management team, support our long term growth and enhance our shareholder appreciation.  The retention of Dan from Freescale gives us a world class semiconductor CFO while allowing us a suitable transition period.  I am very pleased that Peter is staying with the company to help See full press release