Freescale Semiconductor CFO Alan Campbell To Retire - Quick Facts

(RTTNews) - Freescale Semiconductor, Ltd. (FSL) said Monday that Chief Financial Officer Alan Campbell has announced his decision to retire from the company. Freescale Semiconductor has launched a formal process to identify a successor to Campbell and has engaged an executive recruitment firm to assist in the process.

Campbell will continue in his role as CFO during the transition. He joined Motorola in 1979 and became the CFO of its Semiconductor Products Sector in 2000. He guided Freescale Semiconductor through an initial public offering in 2004, the leveraged buyout in 2006, and the second public offering of its shares in 2011.

Gregg Lowe, President and CEO of Freescale Semiconductor said, "Alan left an indelible mark on the company during his tenure here. His tireless efforts in reshaping the company's cost structure, reducing debt and driving investment in new products have positioned the company for growth and long-term success."