Freescale picks new CEO from Texas Instruments

June 8, 2012 – BUSINESS WIRE — Freescale Semiconductor (NYSE:FSL) named Gregg A. Lowe president and CEO, effective immediately. Lowe joins Freescale from Texas Instruments (TI, NASDAQ:TXN), where he was SVP and manager of the Analog business.

The FSL board appointed board member J. Daniel McCranie as non-executive chairman of the board of directors as part of the transition. Rich Beyer, who previously served as Freescale’s chairman and CEO, will continue to serve on the company’s board of directors to ensure a smooth transition. Beyer has been with the company since 2008.

“Beyer’s considerable management and leadership skills drove the company through a successful transformation, creating a solid foundation to enable future profitable growth and we look forward to his continued involvement with the board,” said McCranie, noting also Lowe’s long experience in the semiconductor industry.

Lowe joined TI’s field sales organization in 1984, with a focus on automotive application growth. In 1990, he led the European automotive sales force, managing teams and customer relationships in France, Germany, Italy, England and Spain. In 1994, he began to manage TI’s Microcontroller organization, then led the Application Specific Integrated Circuit organization, overseeing a worldwide team with design centers and customers on each continent. In 2001, he moved to the Analog business to manage High Speed Communications and Controls. Later that year, Mr. Lowe became manager of the High Performance Analog business unit with responsibility for TI’s high-performance data converter, amplifier, power management and interface integrated circuits.

Lowe earned a Bachelor of Science degree in electrical engineering in 1984 from Rose-Hulman Institute of Technology in Terre Haute, Indiana. He later received the university’s Career Achievement Award to recognize his accomplishments in the community and within the semiconductor industry. He graduated from the Stanford Executive Program at Stanford University.

Freescale Semiconductor is a global leader in embedded processing — microprocessors and microcontrollers to sensors, analog integrated circuits and connectivity — solutions for automotive, consumer, industrial and networking markets. Learn more at http://www.freescale.com

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