company founded by Philips, today announced that Theo Claasen, Executive Vice President responsible for Business Development, will retire from the company with effect from 1 August. At the same time the company announced that Hein van der Zeeuw, Executive Vice President, responsible for Operations, has decided to resign from his duties per July 7 and will leave the company per October 1, 2008.

Both Hein and Theo will relinquish their roles on NXP's Board of Management and Executive Management Team. Hein will act as an advisor to NXP until October 1, 2008.

“I am indebted to Theo and Hein for the great support and leadership they have provided to NXP,” said NXP Chief Executive Officer, Frans van Houten. “I am grateful that Theo was prepared to stay three years beyond his original planned retirement in 2005 to help create the new company. And I would like to thank Hein for his longstanding contributions to NXP, most notably leading the Multimarket Semiconductors Business Unit until last year with much success.”

Mark Hamersma, currently head of strategy, will assume Theo's responsibility for business development and strategy at NXP. Chris Belden, currently responsible for global manufacturing, is appointed as Senior Vice President Operations. Both Mark and Chris will become members of the Executive Management Team reporting to Frans van Houten.