Italy Said to Seek Removal of STMicro CEO on Poor Performance

Italy Said to Seek Removal of STMicro CEO on Poor Performance

Italy’s government wants to replace Jean-Marc Chéry, the man at the helm of Franco-Italian chipmaking joint-venture STMicroelectronics NV, for poor performance.

STMicroelectronics CEO faces replacement: What happened?

STMicroelectronics (STMicro), a Franco-Italian chipmaking joint venture, is navigating significant pressures due to a downturn in key markets and internal performance concerns.

The STMicroelectronics boss is in an ejection seat. Rome is unhappy with the performance of the Franco-Italian company specializing in semiconductors and wants the head of Jean-Marc Chéry, the group's CEO. A point of discord with Paris...

Italy seeks to remove CEO of Apple supplier STMicro over poor performance

Italy’s government wants to replace Jean-Marc Chéry, the man at the helm of Franco-Italian chipmaking joint-venture and Apple supplier STMicroelectronics NV, for poor performance. Donato Paolo Mancini and Tommaso Ebhardt for Bloomberg News: ‎ Rome wants to oust Chief Executive Officer Chéry, as it judges his performance insufficient amid compounding headwinds for the industry, people familiar with the matter told Bloomberg, declining to be name…

Italian government wants to replace ST's CEO, says report

The Italian government, a joint shareholder with the French government in STMicroelectronics, is pressing for the European chip giant’s CEO Jean-Marc Chery to step down, according to Les Echos. The report references sources within the Italian Ministry of Economy saying they are ready “to thank Jean-Marc Chery.” The Italian government is reported to be concerned […] The post Italian government wants to replace ST’s CEO, says report appeared first…

Sources: Italy wants to replace STMicro CEO Jean-Marc Chéry for poor performance, as the Franco-Italian chipmaker struggles to navigate a slump in chip demand

Bloomberg: Sources: Italy wants to replace STMicro CEO Jean-Marc Chéry for poor performance, as the Franco-Italian chipmaker struggles to navigate a slump in chip demand  —  Italy's government wants to replace Jean-Marc Chéry, the man at the helm of Franco-Italian chipmaking joint-venture STMicroelectronics NV, for poor performance.