STMicroelectronics N.V.
(Name of Registrant)
39, Chemin du
Champ-des-Filles
1228 Plan-les-Ouates, Geneva, Switzerland
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
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Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
Enclosure: A press release dated September 27, 2004 announcing organizational changes.
P R No. C1527H
New
structure will better match market and technology evolution, while addressing management
generational change
Geneva, September 27, 2004 STMicroelectronics announced product-group, front-end manufacturing and technology-related R&D organizational changes which reflect the Companys continued emphasis on developing application-specific products and platforms for an increasingly convergent marketplace. The new organization also addresses the retirement and departure of certain of STs senior executives concurrent with that of its President and CEO, Pasquale Pistorio.
As previously announced, Mr. Pistorio will leave his current position at ST after the Companys Annual General Meeting in 2005 and, with the approval of the Supervisory Board, Carlo Bozotti has been designated to become President and CEO. In turn Carlo Bozotti, with the endorsement of the Supervisory Board, has designated Alain Dutheil to take on the newly created position of COO.
Retiring from the Company will be: Aldo Romano, Corporate Vice President, Telecommunications, Peripherals, & Automotive Groups (TPA) and Salvatore Castorina, Corporate Vice President, Discretes & Standard Circuits Group (DSG), while Joel Monnier, Corporate Vice President, R&D will pursue some personal objectives early next year.
Mr. Pistorio said, These three executives have made vital contributions to the exceptional transformation of ST from a struggling European semiconductor company into a dynamic world leader. They have each developed their respective groups into formidable organizations, competing in the market place and serving our targeted market segments.
Effective January 1, 2005, ST will realign its product groups to increase market focus and realize the full potential of its products, technologies, and sales and marketing channels.
The Company will combine the Telecom Group of TPA with the Consumer Group of the present CMG (Consumer and Microcontroller Groups) to create a new product Sector, to be headed by Philippe Geyres, Corporate Vice President. The new powerful entity formed by the combination of these converging product Groups will account for over one third of STs annualized sales, and will take the name of Telecom and Consumer Sector (TCS).
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All major complex products related to automotive applications, from the present automotive group of TPA and from other product groups of the company, will be consolidated in the new Automotive Products Group (APG), which will be directed by Ugo Carena, who will be promoted to Corporate Vice President.
Peripheral products, specifically disk drives and printers, will constitute the Computer Peripherals Group (CPG), to be run by Gianluca Bertino, who will be promoted to Corporate Vice President.
The Memory Products Group (MPG) will focus on memories and smart cards under the leadership of Mario Licciardello, who will be promoted to Corporate Vice President, and Claude Dardanne, Deputy General Manager.
The Microcontrollers, Linear, & Discrete Group (MLD), will be comprised of most of the present Discrete and Standard Circuits Groups (DSG) products plus standard microcontrollers and industrial devices, and will serve a broader customer base with special emphasis on industrial applications. It will be headed by Carmelo Papa, Corporate Vice President.
In line with STs position as a major player in the development of innovative products, manufactured in leading-edge technologies and delivered to market at the right time, a new FrontEnd Technology and Manufacturing organization (FTM), encompassing the present front-end manufacturing and central R&D functions, will be created . This new entity reflects the growing interconnection of these two key functions for advanced microelectronics, and will be under the direction of Laurent Bosson, Corporate Vice President.
Mr. Pistorio noted, Carlo Bozotti, Alain Dutheil, and I have worked closely together on this realignment. These organizational changes are part of STs long-term strategic vision for the evolution of the industry and the Companys leadership role therein. They strike an important balance between continuity and the flexibility required to effectively compete in the dynamic marketplace we serve.
About STMicroelectronics
STMicroelectronics is a global leader
in developing and delivering semiconductor solutions across the spectrum of
microelectronics applications. An unrivalled combination of silicon and system expertise,
manufacturing strength, Intellectual Property (IP) portfolio and strategic partners
positions the Company at the forefront of System-on-Chip (SoC) technology and its products
play a key role in enabling todays convergence markets. The Companys shares
are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock
Exchange. In 2003, the Companys net revenues were $7.24 billion and net earnings
were $253 million. Further information on ST can be found at www.st.com.
For further information, please contact:
Media Relations | Investor Relations | |
Maria Grazia Prestini Director, Corporate Media Relations STMicroelectronics Tel: +41.22.929.6945 |
Benoit de Leusse Director, Investor Relations STMicroelectronics Tel: +41.22.929.5812 |
Fabrizio Rossini Senior Manager, Investor Relations STMicroelectronics Tel: +41.22.929.6973 |
Lorie Lichtlen / Nelly Dimey Financial Dynamics Paris Tel: +33.1.47.03.68.10 |
Nancy Levain LT Value Tel: +33.01.55.27.15.88 |
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Gianluca Bertino was born in Ivrea, near Turin, Italy, on February 16th, 1960. He graduated in 1985 in Electronic Engineering from the Polytechnic of Turin. From 1986 to 1997 he held several positions within the Research and Development organization of Olivettis semiconductor group before joining ST in 1997. He is now Group Vice President, General Manager of STs Data Storage Division.
Ugo Carena was born in Ivrea, near Turin, Italy, on January 21st, 1944. He graduated in Mechanical Engineering from the Polytechnic of Turin in 1970. His semiconductor career began in 1977 within Olivettis semiconductor group. He joined ST in 1997 and he currently holds the position of Group Manager for STs Computer Peripherals and Industrial Group.
Claude Dardanne was born in Bourganeuf (near Limoges), France, on April 11th, 1952 and has a degree in Electronic Engineering. He has 25 years experience in the semiconductor industry and spent 10 years with Thomson Semiconducteurs before moving to Apple Computer, then Alcatel-Mietec. He returned to ST in 1994 and is currently Director of STs Serial Non Volatile Memories Division.
Mario Licciardello was born in
Catania, Italy, on January 28th, 1942. He graduated in Physics from the University of
Catania in 1964. Since joining SGS-ATES, a forerunner company of ST, in 1965, he has held
various positions within the Companys Research and Development organization and is
currently Deputy Manager of STs Flash Memories Division.
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Pursuant to the requirements of the Securities Exchange Act of 1934, STMicroelectronics N.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
STMicroelectronics N.V. | ||
Date: September 28, 2004 | By: /s/ PASQUALE PISTORIO | |
Name: | Pasquale Pistorio
| |
Title: | President and Chief Executive Officer |
Enclosure: A press release dated September 27, 2004 announcing organizational changes.