NXP's senior management take pay cut

April 06, 2020 // By Peter Clarke
NXP's senior management take pay cut
NXP Semiconductors NV (Eindhoven, The Netherlands) has announced that C-level managers and board directors have taken a 25 percent pay cut.

Seven members of NXP's management team, including CEO Richard Clemmer, president Kurt Sievers and CFO Peter Kelly, and nine non-executive directors have proposed and accepted a 25 percent reduction in base pay effective April 1, 2020, until further notice.

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