NXP Semiconductors Appoints Three New Non-Executive Directors

NXP Semiconductors N.V. announced the results of its Annual General Meeting of Shareholders, held June 17, 2019 in Amsterdam. Three new non-executive directors – Lena Olving, Jasmin Staiblin and Karl-Henrik Sundström – have been appointed. In addition to the new appointments, six current non-executive directors, Sir Peter Bonfield, Kenneth A. Goldman, Josef Kaeser, Peter Smitham, Julie Southern, Gregory L. Summe, as well as CEO Mr. Richard L. Clemmer, have been re-appointed. With these appointments, 30% of the non-executive director seats on the board are held by women. Also, all other management proposals, including the Omnibus Plan and the Share Repurchase Authorization, were adopted by the AGM.
 
Olving served as president and CEO of Mycronic AB, a Swedish high-tech company engaged in development, manufacturing and marketing of production equipment to the electronics industry, between 2013 and 2019. Before joining Mycronic, Olving worked at Saab AB, a defense and security company, where she began as EVP and chairman of Business Area Systems and Products in 2008 and continued as deputy CEO and COO in January 2010. Her earlier career also includes various positions within Volvo Car Corporation, in total 25 years, of which five years as president of Volvo Cars Asia Pacific and seven years in the executive management team.
 
Staiblin served between 2013 and 2018 as CEO of Alpiq, a leading Swiss energy services provider and power producer in Europe. She began her career in 1997 at the ABB Group, the Swedish-Swiss global technology company, starting in ABB’s group research center. From 1999 to 2005 she served in various global functions and as a member of the management team for ABB’s power technologies division. She held the position of CEO of ABB Switzerland from 2006 to 2012. Staiblin is a board member of Georg Fischer AG, Schaffhausen, Rolls-Royce plc, London and Zurich Insurance Group Ltd.
 
Sundström was appointed CEO of Stora Enso in August 2014. He joined Stora Enso in August 2012 as CFO and member of the group leadership team. In June 2013 he took on the role as EVP for division Paper and Wood Products. Prior to joining Stora Enso, Sundström held the role as CFO of NXP Semiconductors N.V. Before that, he held several managerial positions in Ericsson, including CFO.