STMicroelectronics Announces New Appointments in the Executive Management Team

STMicroelectronics announced that, effective immediately, Georges Penalver has been appointed executive vice president, member of the corporate strategic committee, corporate strategy officer. Penalver was formerly managing director of the Communication Business Group of Sagem and, more recently, member of the Executive Board of France Telecom/Orange Group, in charge of the group’s strategic initiatives and partnerships. He brings a wide experience in defining corporate strategies, leading businesses and implementing comprehensive transformation processes.

Jean-Marc Chery, executive vice president, will take the additional responsibility of general manager, Digital Sector, while maintaining his current role of executive vice president, thief technology and manufacturing officer.

As a consequence of Chery’s expanded responsibilities, Eric Aussedat, general manager, Imaging and Bi-CMOS ASICs Group; Joel Hartmann, corporate eice president, Front-end Manufacturing & Process R&D, Digital Sector, and Philippe Magarshack, corporate vice president, Design Enablement & Services, are promoted to executive vice presidents while maintaining their previous scope of activities; Stéphane Delivré, corporate vice president, global chief information officer, will now report to the president and CEO.

Philippe Lambinet, executive vice president, corporate strategy officer and general manager, Digital Sector is leaving the company to pursue other interests.

ST also announced it will present its new strategic plan in December. The objectives of the plan are to continue to accelerate the company’s roadmap towards the already announced financial model, taking into account the changed market environment and some specific customer dynamics, and to continue to ensure the future success of the company in total, with the two pillars, the Analog and the Digital businesses, both becoming as quickly as possible sustainable segments of ST.