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Monday, March 11, 2013

ST-Ericsson CEO resigns

Didier Lamouche, president and chief executive officer of mobile semiconductor specialist ST-Ericsson has announced his resignation “to pursue other opportunities”. He’ll remain in his role until the end of the month and will also leave his position as Chief Operating Officer at STMicroelectronics, a role he has retained nominally since becoming CEO of ST-Ericsson in 2011.

ST-Ericsson is currently a joint venture of STMicroelectronics and Ericsson, although STMicroelectronics is planning to leave the partnership.

Hans Vestberg, Chairman of the ST-Ericsson board of directors, said “Didier Lamouche came into ST-Ericsson when the company was in a very challenging situation and has been instrumental in bringing the company to the point where it is more focused on strategy execution, a much lower breakeven point and positive momentum where the new LTE modem-based products are ready for market introduction this year. On behalf of ST-Ericsson's board, I thank Didier for his strong contribution to ST-Ericsson.”

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Author: The Fonecast
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