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NXP Semiconductors Names Bill Betz as EVP and CFO

Betz was SVP, business planning & analytics and finance business group controller for NXP’s business lines and shared service centers.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

NXP Semiconductors N.V. announced that Bill Betz has been named NXP’s EVP and CFO, effective immediately. Betz, formerly SVP, business finance for NXP, replaces Peter Kelly, who – as announced this February – has decided to retire from NXP. Betz will report directly to Kurt Sievers, NXP president and CEO.

“We are excited to have Bill join the NXP Management Team as CFO,” said Sievers. “His experience, deep understanding of NXP’s business model, and the partnerships he has built with our business leaders will enable us to achieve our strategic growth and profitability goals.

“I would also like to thank Peter Kelly for his dedication and contributions to NXP, and wish him well as he enters retirement after more than 40 years in the technology industry,” Sievers added.

Most recently, Betz was SVP, business planning & analytics and finance business group controller for NXP’s business lines and shared service centers, and led the corporate financial planning, analysis, and business intelligence teams. Prior to joining NXP in 2013, he held finance leadership roles at Fairchild Semiconductor, LSI Corporation and Agere Systems.

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