STMicroelectronics Announces Management Changes

STMicroelectronics announces changes in executive management Carlo Ferro returns to ST as Chief Financial Officer with extended responsibilitiesContinues as ST-Ericsson President & CEO through the joint venture wind-down Geneva - August 5, 2013 - STMicroelectronics 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 See full press release