EQS Group-News: u-blox AG / Key word(s): Personnel
u-blox announces Markus Schaefer as new Executive Director for Global Marketing and Sales
Thalwil, Switzerland - May 23, 2019 - u-blox (SIX:UBXN), a global provider of leading positioning and wireless communication technologies, has appointed Markus Schaefer as the new Executive Director for Global Marketing and Sales. Schaefer, a veteran of the semiconductor industry with a solid track record in growing market share in his previous positions, will complete u-blox's executive leadership team.
Schaefer holds a M.Sc. in Electrical Engineering (Dipl.-Ing.) from RWTH Aachen, Germany and an MBA from Tiffin University, Ohio, USA. He brings with him deep insights into products and markets relevant to u-blox, acquired over more than 15 years while leading international sales teams at Infineon, NXP, and, most recently, MACOM.
During his time at NXP, Schaefer helped to substantially grow the company's RF and power management business. In the course of five years under Schaefer's marketing and sales leadership, the RF Product Lines market share grew from 10% to 40% and to a revenue level of over $600 million, with a particularly strong focus on the Asian and US markets. He joins u-blox from MACOM, where he led the EMEA and India sales organization, drove organic year-to-year sales growth by 20%, and established the company as a leader in high performance RF and optics solutions.
"We're thrilled to have someone with such an impressive track record join our executive team," says u-blox CEO Thomas Seiler. "Markus Schaefer is uniquely prepared to provide the industry insight, the competitive knowledge, and the sales know-how to capitalize on evolving customer opportunities to drive our sales strategy to the next level."
Markus Schaefer will join u-blox on September 1st and will be based in Thalwil, Switzerland.
u-blox (SIX:UBXN) is a global provider of leading positioning and wireless communication technologies for the automotive, industrial, and consumer markets. Their solutions let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and a growing ecosystem of products supporting data services, u-blox is uniquely positioned to empower its customers to develop innovative solutions for the Internet of Things, quickly and cost-effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA.
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