ST reorganises and forms new manufacturing/R&D group
Carlo Bozotti has been designated to become president and CEO after Pistorio's departure. Alain Dutheil will take on the newly created position of chief operating officer (COO). Retiring from the Company will be Aldo Romano, corporate vice-president in charge of the Telecommunications, Peripherals, & Automotive (TPA) groups, and Salvatore Castorina, corporate vice-president in charge of the Discretes & Standard Circuits Group (DSG). Joel Monnier, corporate vice-president in charge of R&D, will "pursue some personal objectives early next year".
Effective January 1, 2005, a new FrontÐEnd Technology and Manufacturing organisation (FTM), encompassing the present front-end manufacturing and central R&D functions, will be created to reflect the growing interconnection of these two key functions for advanced microelectronics. This section will be under the direction of Laurent Bosson, corporate vice-president.
The Telecom division of the TPA group will be merged with the Consumer division of the company's present Consumer and Microcontroller Groups (CMG). Philippe Geyres will head this new product sector as corporate vice-president. The new Telecom and Consumer Sector (TCS) entity will account for more than one third of ST's annualised sales. The automotive applications from TPA and other product groups of the company will be consolidated in a new Automotive Products Group (APG) directed by Ugo Carena. Peripheral products will constitute a Computer Peripherals Group (CPG), run by Gianluca Bertino.
