STMicroelectronics has announced that Carlo Ferro has accepted to focus on the turnaround of ST-Ericsson as Chief Operating Officer of the company.
Carlo Bozotti, President & CEO, ST said, "I have been working closely with Carlo in his role as ST's chief financial officer for the past six years. I am confident that his knowledge, drive for results and determination will play a fundamental role in the turnaround of ST-Ericsson. I would like to thank him for taking on this important assignment."
Mario Arlati, ST's Chief Accounting Officer & Head of Corporate External Reporting, has been appointed chief financial officer while Ferro is assigned to ST-Ericsson. Investor relations, previously part of the CFO organization is now under the responsibility of Philippe Lambinet, Corporate Strategy Officer.
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