- Carlo Bozotti, new President and CEO appointed
- New Chairman, and Vice-Chairman of the Supervisory Board
appointed
Amsterdam, March 18, 2005 - STMicroelectronics (NYSE: STM) announces
that all of the proposed resolutions were approved at its Annual General
Shareholders' Meeting held in Amsterdam today.
The main resolutions were:
- The appointment of Mr.
Carlo Bozotti as the new sole member of the Managing Board with the
function of President and Chief Executive Officer for a three-year
term. The meeting of shareholders was also informed of the appointment,
upon the proposal of Mr. Carlo Bozotti and with the endorsement of
the Supervisory Board, of Mr.
Alain Dutheil as Chief Operating Officer reporting to Mr. Carlo
Bozotti.
- The appointment as members of the Supervisory Board of Messrs. Gerald
Arbola, Matteo Del Fante, Tom de Waard, Didier Lombard, Bruno Steve
and Antonino Turicchi, each for a three-year term, and Messrs. Doug
Dunn, Francis Gavois and Robert White, each for a one-year term.
- The appointment of PriceWaterhouseCoopers as the Company’s
auditors for a three-year term.
- The distribution of a cash dividend of US$0.12 per share. The Company’s
common shares will trade ex-dividend on the three stock exchanges
on which they are listed, on Monday May 23, 2005. For holders of shares
listed on Euronext Paris and the Milan Stock Exchange (Borsa Italiana),
Monday May 23, 2005 will also be the payment date. For holders of
shares listed on New York Stock Exchange, the record date will be
Wednesday, May 25, 2005, and the payment date will be on or after
Tuesday, May 31, 2005. Transfers between New York and European (Dutch)
registered shares will be closed from the end of business in Europe
on Friday, May 20, 2005, until the open of business in New York on
Thursday, May 26, 2005.
Immediately after the Annual General Meeting, the Supervisory Board
met and appointed Mr Gerald Arbola as Chairman of the Supervisory Board
and Mr Bruno Steve as Vice-Chairman, for a three-year term.
Furthermore, the STMicroelectronics Supervisory Board has approved
the decision taken by the Company’s Managing Board to name Mr.
Pasquale Pistorio, upon his retirement as President and CEO of the company,
as Honorary Chairman. In that position, Mr. Pistorio will act as an
“Ambassador” of the Company while continuing to make available
to STMicroelectronics, as appropriate, his wealth of experience and
insight into the semiconductor, electronics, and industrial worlds.
The complete agenda and all related materials concerning the STMicroelectronics
N.V. Annual General Meeting are available on the Company’s website
www.st.com.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor
solutions across the spectrum of microelectronics applications. An unrivalled
combination of silicon and system expertise, manufacturing strength,
Intellectual Property (IP) portfolio and strategic partners positions
the Company at the forefront of System-on-Chip (SoC) technology and
its products play a key role in enabling today's convergence markets.
The Company’s shares are traded on the New York Stock Exchange,
on Euronext Paris and on the Milan Stock Exchange. In 2004, the Company’s
net revenues were $8.76 billion and net earnings were $601 million.
Further information on ST can be found at www.st.com.
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