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.

Related links and articles:

www.nxp.com

News articles:

NXP invests 8 million € into Kalray, targets ADAS

NXP, Analog forecast about 5% coronavirus impact on quarterly revenues

Kurt Sievers to replace Clemmer as CEO of NXP


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