NXP's CEO to retire this year, insider Sotomayor to take over


A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. REUTERS/Piroschka van de Wouw

(Reuters) -NXP Semiconductors NV said on Monday CEO Kurt Sievers would retire by the end of the year, and insider Rafael Sotomayor would succeed him.

Shares of the company fell more than 7% in extended trading following underwhelming forecast and beat.

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