STMicroelectronics Announces Appointment of New Chief Operating Officer

Oct 26, 2010, 17:56 ET from STMicroelectronics

AMSTERDAM, Oct. 26 /PRNewswire-FirstCall/ -- STMicroelectronics (NYSE: STM) today announced the appointment of a new Chief Operating Officer.

Alain Dutheil, who has held the position of ST's COO since 2005, has decided to retire following 27 years with the Company. Alain has been instrumental in the development of ST since its inception, helping to make it a major global semiconductor company and one of the leading high-tech companies in Europe.

Replacing Dutheil as ST's new COO is Didier Lamouche, who has been a member of the Supervisory Board of STMicroelectronics from April 2006, before stepping down on October 26, 2010, in view of his appointment as COO of ST. From 2004 until mid-2010, Lamouche served as Chairman and Chief Executive Officer of Groupe Bull, a global IT company.

Didier Lamouche will join ST on November 1, 2010, and following a transition period will formally take over from Alain Dutheil as COO and Vice-President of the Strategic Committee, on January 26, 2011, immediately following the Company's fourth quarter and full-year 2010 earnings announcement.

"I would like to welcome Didier to the Company; his world-class experience and knowledge will make a significant contribution to ST's ability to reach new heights in the semiconductor industry," said Carlo Bozotti, President and Chief Executive Officer, STMicroelectronics. "Over the transition period, Alain will be able to pass on his vast experience and deep understanding of ST to Didier, thus ensuring the smooth handover of such a key management role.

"I would like to thank Alain, very deeply, for his long and outstanding service at ST and particularly for his role as COO, in which position he has been invaluable to me personally over the past few years," added Bozotti.

Didier Lamouche, 51, is a graduate of Ecole Centrale de Lyon and holds a PhD in semiconductor technology. He has more than 20 years experience in the semiconductor industry, holding various senior operational and general management positions. Lamouche started his career in 1984 in the R&D department of Philips, before joining IBM Microelectronics, where he held several positions in France and the US. In 1995, he became Director of Operations of Motorola's Advanced Power IC unit in Toulouse, France. In 1998, he joined IBM as General Manager of its largest European semiconductor site, in Corbeil, France, leading its turnaround and transformation into the joint venture between IBM and Infineon, named Altis Semiconductor, which he managed as CEO for four years. In 2003, Lamouche rejoined IBM and was the VP for Worldwide Semiconductor Operations, based in New York, until the end of 2004. In December 2004, Lamouche took the position of Chairman and CEO of Groupe Bull, which he left in May 2010 with a revamped portfolio of offerings having re-established a profitable, cash generating, growing company, with a consolidated and new Shareholder structure.

Didier Lamouche was named 'Chevalier of the Legion of Honor' by the French Government in April 2010, in recognition of his contribution to the digital electronics industry in France.

Born in Martigues, France, in 1945, Alain Dutheil joined Thomson Semiconducteurs, a predecessor company to STMicroelectronics, in 1983, as Plant Manager in Aix-en-Provence, France, following a decade of service with Texas Instruments. Following several senior management roles at ST, including Corporate VP for Strategic Planning and Human Resources, Dutheil has held the position COO and Vice Chairman of the Corporate Executive Committee at STMicroelectronics since March 2005. Additionally, in 2009, Dutheil successfully led the creation and integration of ST-Ericsson, the wireless joint venture between STMicroelectronics and Ericsson, as its first President and Chief Executive Officer.

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

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