Freescale CEO Rich Beyer to retire

SAN FRANCISCO, USA: Rich Beyer, CEO of Freescale Semiconductor has announced his plans to retire after finding a new CEO for Freescale.

Beyer, 63, has informed about his retirement decision to the company’s board of directors, once the board decides on a capable successor, reports Dylan McGrath of EETimes.

Beyer will continue as the CEO until the Board of Directors decide on the next CEO. The decision on a new CEO would take a couple of months from now as both internal and external candidates would be considered for this position.

Beyer joined Freescale in March, 2008 and he vowed to lead the company for four to five years. Beyer is also the Chairman of Semiconductor Industry Association’s Board of Directors.