STMicroelectronics will reorganize its product segments into three main areas: Application Specific Groups, a Flash Memory Group and the Industrial and Multisegment Sector. The reorganization takes effect on January 1, 2007. The Flash Memories Group (FMG) will be led by Mario Licciardello, Corporate Vice President and General Manager. Carmelo Papa, who is being promoted to Executive Vice President, will lead the Industrial & Multisegment Sector IMS). Within IMS, a new Group, the Microcontrollers, Memories & Smartcards Group (MMS), is created under the leadership of new Corporate VP Claude Dardanne.
ST's Application Specific Groups (ASG) will now be comprised of the newly created Mobile, Multimedia & Communications Group (MMC) and the Home Entertainment & Displays Group (HED) as well as the existing Automotive Product Group (APG) and Computer Peripherals Group (CPG). In connection with these changes, Tommi Uhari is being promoted to Executive Vice President and will lead the Mobile, Multimedia & Communications Group and Christos Lagomichos is being promoted to Corporate Vice President for the Home Entertainment & Displays Group. The Automotive Products Group and Computer Peripherals Group will continue to be managed by Corporate Vice Presidents Ugo Carena and Gian Luca Bertino, respectively.
Philippe Geyres, Executive Vice President and General Manager of its HPC (Home, Personal, Communication) Sector, has resigned from the Company.
