| GENEVA — European chip maker STMicroelectronics NV has announced plans to reorganize itself to better match market and technology evolution. |
The organizational changes, due to come into effect on Jan. 1, 2005, effect product groups, front-end manufacturing and R&D. They also reflect the departure of senior executives besides president and chief executive officer Pasquale Pistorio.
As previously announced, Pistorio is due to leave his current position after ST's annual general meeting in 2005. Carlo Bozotti has been designated to become president and CEO and Alain Dutheil is set to take on the newly created position of COO.
In addition, ST said Monday (Sept. 27) Aldo Romano, corporate vice president, telecommunications, peripherals, and automotive (TPA) and Salvatore Castorina, corporate vice president discretes and standard circuits group, will retire. Joel Monnier, corporate vice president R&D, will "pursue some personal objectives early next year," the company said.
Under the reorganization, the telecommunications part of TPA and the consumer part of the present consumer and microcontroller groups are to be combined into a new area of responsibility under Philippe Geyres, corporate vice president. They account for about one third of ST's annual sales.
The new Automotive Products Group will be directed by Ugo Carena, who will promoted to corporate vice president. Peripheral products are to be run by Gianluca Bertino, who would also be promoted to corporate vice president. The Memory Products Group comes under control of Mario Licciardello. Carmelo Papa, corporate vice president will head the Microcontrollers, Linear and Discrete Group.
Central R&D will be merged in with front-end manufacturing under the direction of Laurent Bosson, corporate vice president.
"Carlo Bozotti, Alain Dutheil and I have worked closely together on this realignment. These organizational changes are part of ST's long-term strategic vision for the evolution of the industry and the company's leadership role therein. They strike an important balance between continuity and the flexibility required to effectively compete in the dynamic marketplace we serve," Pistorio said in a statement.