Statement from the Supervisory Board of STMicroelectronics
27 Avril 2017 - 7:06AM
Amsterdam, April 27, 2017 - Maurizio Tamagnini, Chairman
of the Supervisory Board of STMicroelectronics N.V. (NYSE: STM),
and Didier Lombard, Vice-Chairman, have asked Carlo Bozotti, ST's
President and CEO, to be available for a reappointment in his
current role. Carlo Bozotti has accepted the proposal.
Therefore, the Supervisory Board has decided to propose for
shareholder approval at the Company's next Annual General Meeting
of Shareholders, the reappointment for one year of Carlo Bozotti as
the sole member of the Managing Board and the Company's President
and Chief Executive Officer. This will be the last mandate for Mr.
Bozotti, turning 65 this year, who will then formally retire from
his current position.
The decision recognizes the importance of giving continuity to
the execution of ST's strategy that is delivering positive results
under Mr. Bozotti's leadership.
Moreover, the Supervisory Board acknowledged the decision of
Carlo Bozotti to establish, effective July 1, 2017, the following
organization:
- Jean-Marc Chery, Deputy CEO
- Orio Bellezza, President, Global Technology and
Manufacturing
- Marco Cassis, President, Global Sales and Marketing
- Claude Dardanne, President, Microcontrollers and Digital ICs
Group
- Carlo Ferro, Chief Financial Officer and President, Finance,
Legal, Infrastructure and Services
- Marco Monti, President, Automotive and Discrete Group
- Georges Penalver, Chief Strategy Officer and President,
Strategy, Communication, Human Resources and Quality
- Benedetto Vigna, President, Analog, MEMS and Sensors Group
About STMicroelectronicsST is a global semiconductor
leader delivering intelligent and energy-efficient products and
solutions that power the electronics at the heart of everyday life.
ST's products are found everywhere today, and together with our
customers, we are enabling smarter driving and smarter factories,
cities and homes, along with the next generation of mobile and
Internet of Things devices. By getting more from technology to get
more from life, ST stands for life.augmented.
In 2016, the Company's net revenues were $6.97 billion, serving
more than 100,000 customers worldwide. Further information can be
found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:Tait
Sorensen
Group VP, Investor RelationsSTMicroelectronicsTel: +1 602 485
2064tait.sorensen@st.com
MEDIA RELATIONS:Nelly
Dimey
Director, Corporate Media and Public RelationsTel: + 33 1 58 07 77
85nelly.dimey@st.com
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