NXP Semiconductors announced that Jeff Palmer, Senior Vice President of Investor Relations, has decided to retire after a 16-year career with the company.
Following Palmer’s retirement, Mike Lucarelli will serve as Senior Vice President of Investor Relations. Lucarelli will report to Bill Betz, NXP’s Chief Financial Officer, and will serve as a key liaison to the investment community.
NXP said Palmer played an important role in strengthening the company’s engagement with investors and shaping its strategic narrative. The company also credited Palmer with helping translate investor perspectives into actionable insights for the business.
Lucarelli brings experience across the semiconductor and technology sectors. Most recently, he served as Global Head of FP&A and Corporate Finance at Uber. He previously spent a decade at Analog Devices, where he served as Head of Investor Relations and oversaw the company’s FP&A organization.
Lucarelli also spent seven years as a sell-side analyst covering semiconductors.
Lucarelli will formally step into the Investor Relations role as of NXP’s third quarter 2026 earnings cycle. Palmer will continue serving as an advisor to the company through the fourth quarter 2026 earnings cycle in early 2027.
NXP Semiconductors provides technology solutions across the automotive, industrial and IoT, mobile, and communications infrastructure markets. The company operates in more than 30 countries and reported revenue of $12.27 billion in 2025.
