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STMicroelectronics Announces Organizational Changes |
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Geneva, September 27, 2004 ---- STMicroelectronics announced product-group, front-end manufacturing and technology-related R&D organizational changes which reflect the Company's continued emphasis on developing application-specific products and platforms for an increasingly convergent marketplace. The new organization also addresses the retirement and departure of certain of ST's senior executives concurrent with that of its President and CEO, Pasquale Pistorio. As previously announced, Mr. Pistorio will leave his current position at ST after the Company's Annual General Meeting in 2005 and, with the approval of the Supervisory Board, Carlo Bozotti has been designated to become President and CEO. In turn Carlo Bozotti, with the endorsement of the Supervisory Board, has designated Alain Dutheil to take on the newly created position of COO. Retiring from the Company will be: Aldo Romano, Corporate Vice President, Telecommunications, Peripherals, & Automotive Groups (TPA) and Salvatore Castorina, Corporate Vice President, Discretes & Standard Circuits Group (DSG), while Joel Monnier, Corporate Vice President, R&D will pursue some personal objectives early next year. Mr. Pistorio said, "These three executives have made vital contributions to the exceptional transformation of ST from a struggling European semiconductor company into a dynamic world leader. They have each developed their respective groups into formidable organizations, competing in the market place and serving our targeted market segments." Effective January 1, 2005, ST will realign its product groups to increase market focus and realize the full potential of its products, technologies, and sales and marketing channels. The Company will combine the Telecom Group of TPA with the Consumer Group of the present CMG (Consumer and Microcontroller Groups) to create a new product Sector, to be headed by Philippe Geyres, Corporate Vice President. The new powerful entity formed by the combination of these converging product Groups will account for over one third of ST's annualized sales, and will take the name of Telecom and Consumer Sector (TCS). All major complex products related to automotive applications, from the present automotive group of TPA and from other product groups of the company, will be consolidated in the new Automotive Products Group (APG), which will be directed by Ugo Carena, who will be promoted to Corporate Vice President. Peripheral products, specifically disk drives and printers, will constitute the Computer Peripherals Group (CPG), to be run by Gianluca Bertino, who will be promoted to Corporate Vice President. The Memory Products Group (MPG) will focus on memories and smart cards under the leadership of Mario Licciardello, who will be promoted to Corporate Vice President, and Claude Dardanne, Deputy General Manager. The Microcontrollers, Linear, & Discrete Group (MLD), will be comprised of most of the present Discrete and Standard Circuits Group's (DSG) products plus standard microcontrollers and industrial devices, and will serve a broader customer base with special emphasis on industrial applications. It will be headed by Carmelo Papa, Corporate Vice President. In line with ST's position as a major player in the development of innovative products, manufactured in leading-edge technologies and delivered to market at the right time, a new Front-End Technology and Manufacturing organization (FTM), encompassing the present front-end manufacturing and central R&D functions, will be created . This new entity reflects the growing interconnection of these two key functions for advanced microelectronics, and will be under the direction of Laurent Bosson, Corporate Vice President. Mr. Pistorio noted, "Carlo Bozotti, Alain Dutheil, and I have worked closely together on this realignment. These organizational changes are part of ST's long-term strategic vision for the evolution of the industry and the Company's leadership role therein. They strike an important balance between continuity and the flexibility required to effectively compete in the dynamic marketplace we serve." About STMicroelectronics STMicroelectronics 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 2003, the Company's net revenues were $7.24 billion and net earnings were $253 million. Further information on ST can be found at www.st.com. BIOS STMicroelectronics Newly Designated Staff Members Gianluca Bertino was born in Ivrea, near Turin, Italy, on February 16th, 1960. He graduated in 1985 in Electronic Engineering from the Polytechnic of Turin. From 1986 to 1997 he held several positions within the Research and Development organization of Olivetti's semiconductor group before joining ST in 1997. He is now Group V.P., Peripherals, General Manager of ST's Data Storage Division within the Telecommunication and Peripherals/Automotive (TPA) Groups. Ugo Carena was born in Ivrea, near Turin, Italy, on January 21st, 1944. He graduated in Mechanical Engineering from the Polytechnic of Turin in 1970. His semiconductor career began in 1977 within Olivetti's semiconductor group. He joined ST in 1997 and he currently holds the position of Telecommunication and Peripherals/Automotive (TPA) Groups V.P., General Manager Computer Peripherals and Industrial Group. Claude Dardanne was born in Bourganeuf, near Limoges, France, on April 11th, 1952 and has a degree in Electronic Engineering. He has 25 years' experience in the semiconductor industry and spent 10 years with Thomson Semiconducteurs before moving to Apple Computer, then Alcatel-Mietec. He joined ST in 1994 and is currently Memory Products Group V.P., General Manager Serial Non Volatile Memories Division. Mario Licciardello was born in Catania, Italy, on January 28th, 1942. He graduated in Physics from the University of Catania in 1964. He joined SGS-ATES, a forerunner company of ST, in 1965, initially in process development, then in strategic planning. He moved to the Memory Products Group (MPG) in 1993 and in 2003 was promoted from General Manager of ST's Flash Memories Division to Deputy General Manager of MPG. STMicroelectronics Staff Members Changing Responsibility Laurent Bosson was born in Mieussy, near Chamonix, France, in 1942 and graduated in chemistry and physics from the University of Dijon, France. He began his professional career in 1964 with THOMSON-CSF and in 1985 he joined SGS Microelettronica (a forerunner company of STMicroelectronics) as General Manager of its Rennes manufacturing plant in France. He is currently ST's Corporate Vice President, Front-End Manufacturing. Philippe Geyres was born in Paris, France in 1952 and graduated from the Ecole Polytechnique of Paris in 1973. He began his career in 1973 with IBM, and moved into semiconductors in the early 1980s with Fairchild Semiconductors. He joined Thomson Semiconducteurs (a forerunner company of STMicroelectronics) in 1983, and he is currently Corporate Vice President for ST's Consumer and Microcontroller Groups (CMG). Carmelo Papa was born in 1949 in Castiglione di Sicilia, near Catania, Italy, where he graduated with a degree in Nuclear Physics. His career in semiconductors began in 1983 when he joined SGS Microelettronica (a forerunner company of STMicroelectronics) as Marketing Manager for Standard Logic. He was appointed ST's Corporate Vice President, Emerging Markets in January 2000 and in July 2001 was given additional responsibility as Task Force Chairman for Electronic Manufacturing Services. September 27, 2004 |
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