Feb 5 (Reuters) - Apple supplier Skyworks Solutions forecast declines in revenue in its mobile segment and projected profits below Wall Street estimates for the current quarter on Wednesday.

Shares of the California-based company were more than 20% lower in extended trading.

Separately, the company said it had named former Intel and Inseego executive Philip Brace as its next CEO and president as part of a succession process to replace former chief Liam Griffin.

Slower-than-expected adoption of electric vehicles, leading to an excess chip inventory, has weighed on the results of analog chipmakers such as Skyworks.

"We anticipate a mid-to-high teens sequential decline in mobile, consistent with historical seasonal patterns. In broad markets, we expect additional sequential and year-over-year growth," CFO Kris Sennesael said in a statement.

Skyworks forecast second-quarter revenue to be between $935 million and $965 million, largely in line with estimates.

The company designs and manufactures analog and mixed-signal chips used in wireless communication, automotive, industrial and consumer electronics.

Skyworks rival chip firm NXP Semiconductors also forecast lower-than-expected revenue for the first quarter due to slow demand from its automotive and industrial clients.

Skyworks' revenue in the fiscal first quarter ended December 27, was $1.07 billion, in line with estimates, while the adjusted profit of $1.60 per share beat estimates of earnings of $1.57 per share, according to data compiled by LSEG.

It also forecast an adjusted profit of $1.20 per share for the March quarter, lower than analysts' average estimate of $1.22 per share in profit.