Statement from Supervisory Board of STMicroelectronics

Oct 26, 2010, 17:49 ET from STMicroelectronics

AMSTERDAM, Oct. 26 /PRNewswire-FirstCall/ -- The Chairman of the Supervisory Board of STMicroelectronics N.V. (NYSE: STM) announced today the following:

  • The decision to propose for shareholder approval at the Company's next Annual General Meeting in 2011, the reappointment for a three-year term of Carlo Bozotti as the sole member of the Managing Board and the Company's President and Chief Executive Officer.
  • The resignation of Didier Lamouche as a member of the Supervisory Board effective today. Didier has been a member of the Supervisory Board since April 2006 and we thank him for his valuable contribution.
  • The acknowledgement that Didier Lamouche will be joining the Company on November 1, 2010, and following a transition period will become Chief Operating Officer on January 26, 2011, immediately after the announcement of 2010 results.

About STMicroelectronics

STMicroelectronics is a global leader serving customers across the spectrum of electronics applications with innovative semiconductor solutions. ST aims to be the undisputed leader in multimedia convergence and power applications leveraging its vast array of technologies, design expertise and combination of intellectual property portfolio, strategic partnerships and manufacturing strength. In 2009, the Company's net revenues were $8.51 billion. Further information on ST can be found at www.st.com

SOURCE STMicroelectronics



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