STMicroelectronics: Carlo Ferro To Resume CFO Role - Quick Facts

(RTTNews) - STMicroelectronics (STM) announced Monday that effective today, Carlo Ferro, President and Chief Executive Officer of ST-Ericsson, will resume his position of Chief Financial Officer of ST while taking on additional responsibilities.

In addition to the Chief Financial Officer role, Ferro will be responsible for legal, central operation planning, procurement, IT and investor relations. He will also remain President and Chief Financial Officer of ST-Ericsson, the 50:50 joint venture between ST and Ericsson (ERIC), through the wind-down of the company.

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