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Gilles Delfassy is replaced by Didier Lamouche at mobile chip joint venture
November 28, 2011
GENEVA -- ST-Ericsson, a joint-venture of STMicroelectronics (NYSE: STM) and Ericsson (NASDAQ: ERIC) today announced the appointment of Didier Lamouche as president and chief executive officer of the Company effective December 1, 2011. Lamouche, chief operating officer of STMicroelectronics, has served on the board of ST-Ericsson since April 2011 and brings more than twenty-five years of IT and semiconductor industry experience to the role.
Lamouche replaces Gilles Delfassy after the transformation of the company's portfolio roadmap from legacy feature phone products to leading smartphone and tablet platforms. The Company now enters a phase with prime focus on proliferating design-wins and scaling up and delivering volume, with the objective of translating its new portfolio into sustainable profitability and growth.
Gilles Delfassy will support Lamouche, as senior advisor to the CEO, during a transition period. Didier Lamouche, while maintaining his title of ST Chief Operating Officer, will focus full time on leading ST-Ericsson.
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