STMicroelectronics announces changes in executive management
(Thomson Reuters ONE) -
PR No. C2731C
STMicroelectronics announces changes in executive management
Carlo Ferro returns to ST as Chief Financial Officer with extended
responsibilities
Continues as ST-Ericsson President & CEO through the joint venture wind-down
Geneva - August 5, 2013 - STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics applications, today
announced that Carlo Ferro, President & CEO of ST-Ericsson, will resume his
position of Chief Financial Officer of ST while taking on additional
responsibilities.
In addition to the CFO role, Ferro will be responsible for legal, central
operation planning, procurement, IT and investor relations. He will also remain
President and CEO of ST-Ericsson, the 50:50 joint venture between ST and
Ericsson, through the wind-down of the company.
Ferro has been ST's CFO for nine years since May 2003 until March 2012, when he
was temporarily assigned to ST-Ericsson.
"Over the past eighteen months, Carlo has done an outstanding job in ST-Ericsson
as Chief Operating Officer and then leading the company as CEO through the
transition towards the split up of the JV," said Carlo Bozotti, President & CEO
of ST. "Under Carlo's leadership, the transition has occurred on plan with lower
exit costs than anticipated while minimizing the social impact. We will benefit
from his return to a fully operational role at ST with extended
responsibilities".
"I would like to thank Mario Arlati for his dedication and contribution as CFO
for the past eighteen months," continued Bozotti. "Mario will now be responsible
for Strategies and Business Management in the Sense & Power and Automotive
segment, reporting to me".
Ferro's appointment will be effective today, August 5, 2013.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the
spectrum of sense and power and automotive products and embedded processing
solutions. From energy management and savings to trust and data security, from
healthcare and wellness to smart consumer devices, in the home, car and office,
at work and at play, ST is found everywhere microelectronics make a positive and
innovative contribution to people's life. By getting more from technology to get
more from life, ST stands for life.augmented.
In 2012, the Company's net revenues were $8.49 billion. Further information on
ST can be found at www.st.com
For further information, please contact:
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
Tel: +1 602 485 2064
tait.sorensen(at)st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
Tel: +33 1 58 07 77 85
nelly.dimey(at)st.com
Executive management changes:
http://hugin.info/152740/R/1721080/573135.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: STMicroelectronics via Thomson Reuters ONE
[HUG#1721080]
Unternehmensinformation / Kurzprofil:
Datum: 05.08.2013 - 08:30 Uhr
Sprache: Deutsch
News-ID 284593
Anzahl Zeichen: 3830
contact information:
Town:
Geneva
Kategorie:
Business News
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