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STMicroelectronics appoints Carlo Ferro as CFO with extended responsibilities.

M2 EQUITYBITES-August 5, 2013-STMicroelectronics appoints Carlo Ferro as CFO with extended responsibilities(C)2013 M2 COMMUNICATIONS

Semiconductor company STMicroelectronics (ST)(NYSE: STM) on Monday announced that Carlo Ferro, will resume his position of chief financial officer of ST, effective immediately, while taking on additional responsibilities.

In addition to being CFO, Ferro will also be responsible for legal, central operation planning, procurement, IT and investor relations. He will continue in the role of president and CEO of ST-Ericsson, the 50:50 joint venture between ST and Ericsson, through the wind-down of the company.

Ferro has been ST's CFO for nine years since May 2003 until March 2012, when he was temporarily assigned to ST-Ericsson.

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Publication:M2 EquityBites (EQB)
Date:Aug 5, 2013
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