NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+ (Jonathan Vanian/CNBC) 28-04-2025

Jonathan Vanian / CNBC:
NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+ — NXP Semiconductor Inc. fell about 8% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.