ST-Ericsson, a joint venture of STMicroelectronics and Ericsson, announced the appointment of Gilles Delfassy as President and CEO. Alain Dutheil, who has led the company during the crucial period of formation and integration, will work with Delfassy over the coming months to ensure a smooth transition. Delfassy will assume his position as President and CEO effective November 2, 2009. After then, Dutheil will continue to support ST-Ericsson by joining its Board and will return to his previous role as STMicroelectronics’ Chief Operating Officer.
In addition, Hans Vestberg, CFO and incoming CEO of Ericsson, and a member of the Board of ST-Ericsson, has become Chairman of the Board of ST-Ericsson, succeeding Carl-Henric Svanberg, President and CEO of Ericsson. Delfassy, 54, is an expert in the wireless industry. Afterhis 28-year career at Texas Instruments, he became 2007 an advisor to companies and has served on several corporate boards.
