Maurizio Tamagnini, Chairman of the Supervisory Board of STMicroelectronics and Nicolas Dufourcq, Vice Chairman, have asked Jean-Marc Chery, President & CEO of ST, for a renewal of his current role. Chery accepted the proposal. Accordingly, the Supervisory Board has decided to propose for shareholder approval, at the Company's next Annual General Meeting of Shareholders, the renewal for a period of three years of Jean-Marc Chery's mandate as sole member of the Management Board and President & Chief Executive Officer of the Company. The decision recognizes the importance of providing continuity to ST's strategy, execution and value proposition under Chery's leadership.
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