STMicroelectronics Announces Changes in Executive Management

GENEVA -- (Marketwired) -- Aug 05, 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

Executive management changes: http://hugin.info/152740/R/1721080/573135.pdf

For further information, please contact:

INVESTOR RELATIONS:
Tait Sorensen 
Group VP
Investor Relations
Tel: +1 602 485 2064

Email Contact

MEDIA RELATIONS:
Nelly Dimey 
Director
Corporate Media and Public Relations
Tel: +33 1 58 07 77 85

Email Contact 





Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial
SolidCAM: Cutting Webinar



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise