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Share Name Share Symbol Market Type
ST Microelectronics EU:STM Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.42 -4.46% 30.44 30.43 30.44 31.95 30.44 31.84 4,939,934 16:40:00

STMicroelectronics to Propose Reappointment of CEO to Shareholders

28/01/2021 7:00am

Dow Jones News


ST Microelectronics (EU:STM)
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   By Mauro Orru 
 

STMicroelectronics NV said Thursday that its supervisory board agreed to propose the reappointment of Chief Executive Jean-Marc Chery at its next annual general meeting.

The European chip maker said it would put forward to shareholders Mr. Chery's reappointment for a three-year mandate as the sole member of the managing board as well as president and chief executive of the group.

"The decision recognizes the importance of the continuity of ST's strategy, execution and value proposition under Mr. Chery's leadership," the company said in a statement.

The announcement comes after Mr. Chery confirmed he would be available for a reappointment.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 28, 2021 01:45 ET (06:45 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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