 |
|
|
 |
||
 |
|
|
STMicroelectronics Appoints Johan Danneels as General Manager of its Telecom Group |
|
|
|
|
|
|||||||||||||||||
Geneva, July 29, 2002 - STMicroelectronics (NYSE: STM) today announced the appointment of Johan Danneels to the position of General Manager of ST's Telecom Group, and as Vice President and Deputy General Manager of its TPA (Telecom, Peripheral and Automotive) Groups. Danneels, who is the former CEO of Alcatel Microelectronics, brings to ST more than 25 years of telecom experience and will have overall responsibility for ST's differentiated products for telecommunications markets including those for access, network, cellular terminal and cellular infrastructure applications. ST is ranked at number four worldwide for telecom ICs, according to market analyst Gartner Dataquest in its May 2002 survey on the telecom market, and has world-leading companies such as Agilent, Alcatel, Ericsson, Motorola, Nokia, Nortel Networks and Siemens among its key customers. "Telecom is strategically important to ST and our overall strength in this area will be further reinforced by the addition of Johan Danneels, with his vast experience in DSL and telecom markets," said Aldo Romano, Corporate Vice President and General Manager of ST's Telecom, Peripherals and Automotive Groups. In addition to the recruitment of Danneels, the recent acquisition of Alcatel Microelectronics brings a large number of experienced engineers to ST and important know-how in DSL and Bluetooth technologies, significantly enhancing the company's overall capabilities to compete in the telecommunications arena. "ST is one of the world's leading semiconductor vendors and has a substantial portfolio of leading-edge technologies and a world-class manufacturing infrastructure. The addition of these design teams from Alcatel Microelectronics will further strengthen ST's position at the forefront of system-on-chip development for telecommunications markets," commented Johan Danneels. About STMicroelectronics STMicroelectronics, the world's third largest semiconductor company, is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2001, the Company's net revenues were $6.36 billion and net earnings were $257.1 million. Further information on ST can be found at http://www.st.com. Editors' Note: Last month, ST announced the completion of its acquisition of Alcatel Microelectronics, which was immediately followed by ST's sale of the mixed-signal business activities of Alcatel Microelectronics to AMI Semiconductor. Further information on the acquisition can be found at http://www.st.com. |
|
||||||||||||||||||
|
|
 |
|
|
|
|
||
