STMicroelectronics announces new organisation
Summary
In addition, we are getting even closer to our customers with an application marketing organisation by end market which will boost our ability to complement our product offering with complete system solutions,” said Jean-Marc Chery, President, and CEO of STMicroelectronics. “This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022.” The restructuring involves consolidating from three to two Product Groups to enhance product innovation, efficiency, and market delivery times. The two new groups are: Analog, Power & Discrete, MEMS and Sensors (APMS), headed by Marco Cassis, ST President, and Executive Committee member. Microcontrollers, Digital ICs, and RF products (MDRF), led by Remi El-Ouazzane, ST President and Executive Committee member. Coinciding with this new structure, Marco Monti, the former President of the Automotive and Discrete Product Group, will depart from the company.