(GlobeNewswire) - 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 [email protected]
MEDIA RELATIONS:Nelly Dimey Director, Corporate Media and Public RelationsTel: + 33 1 58 07 77 [email protected]
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