NXP Semiconductors NV (NASDAQ:NXPI) has announced that Jeff Palmer, senior vice president of investor relations, will retire after 16 years with the company. Mike Lucarelli will succeed him as senior vice president of investor relations.
Lucarelli will report to Bill Betz, chief financial officer, and serve as a key liaison to the investment community.
The company said Palmer played a critical role in strengthening its engagement with investors and shaping its strategic narrative. It added that his understanding of the business and ability to translate investor perspectives into actionable insights had made a lasting impact.
NXP said Lucarelli brings experience across the semiconductor and technology sectors. He was most recently global head of FP&A and corporate finance at Uber.
His background also includes a decade at Analog Devices, where he served as head of investor relations and oversaw the FP&A organisation, as well as seven years as a sell-side analyst covering semiconductors. He will formally take up the investor relations role in the third quarter 2026 earnings cycle.
Palmer will continue as an adviser to the company through the fourth quarter 2026 earnings cycle in early 2027.