'European Company Award' presented to ST at a
ceremony held in Paris in the presence of French Industry Minister Patrick
Devedjian
Paris, October 7, 2004 - STMicroelectronics (NYSE : STM) received
the 'European Company Award' on October 5 from Roland Berger Strategy
Consultants consulting firm, the internationally acclaimed HEC School
of Management and France's monthly business publication Enjeux-Les Echos
in recognition of its achievements in corporate governance. Presenting
the award to Alain Dutheil, Corporate Vice President Strategic Planning
and Human Resources, STMicroelectronics, at a ceremony held in Paris in
the presence of France's Industry Minister Patrick Devedjian, Mr. Jean
Peyrelevade, former chairman of Crédit Lyonnais, and member of Roland
Berger Strategy Consultants, stressed the outstanding cultural diversity
which exists within ST and its management team.
"We at STMicroelectronics have always held governance, together with all
issues related to the social role of the corporation, very high in our
value rankings and it was an honor and a great pleasure to see that our
efforts are publicly recognized," said Mr. Dutheil.
The 'European Company Awards' are annual awards which acknowledge native
French or European companies that are the most 'European' in terms of
sales, manufacturing infrastructure, research and development, and management,
for example.
ST was acknowledged along with seven other European companies from a total
of more than 350, all of which are worldwide leaders in their field. Among
them are Air France-KLM ('Best European Merger'), Air Liquide ('Manufacturing
Infrastructure'), Arcelor ('B-to-B Sales'), Atos Origin ('First Prize',
turnover under €3bn), Danone ('Consumer Sales'), EADS ('R&D') and Eurofins
('First Prize', turnover above €3bn). The jury was presided over by Mr.
Louis Schweitzer, Chairman of Renault.
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.
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