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STMicroelectronics appoints VPs

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CIOL Bureau
New Update

NEW DELHI: STMicroelectronics today announced the appointment of two new

Corporate Vice Presidents, Francois Guibert for Asia Pacific and Thierry Tingaud

for the Emerging Markets region.






Francois Guibert, currently Corporate Vice President and General Manager of ST's
Emerging Markets Region, will be appointed to the position of Corporate Vice

President, CEO Asia Pacific region, effective October 1, 2006. Guibert's

appointment follows the decision of Jean-Claude Marquet, the current Corporate

Vice President of ST Asia Pacific, to retire in October 2006, after successfully

managing the subsidiary since 1995.






Under Marquet's leadership, the company's operations in the Asia Pacific
countries, including China, have seen substantial growth over the past ten

years, with customers in the region currently accounting for close to 50 percent

of ST's total sales. He has been instrumental in establishing ST's integrated

presence in Asia Pacific, spanning manufacturing machine, R&D and design,

customer support, as well as logistics and administrative infrastructure.






Guibert, 53, has helped set up ST's Design Centers in Taiwan, Korea, and Hong
Kong. He also served as President of the Company's operations in Taiwan in 1989

- 1992 and later, helped set-up the back-end joint venture with Shenzhen

Electronics Group. In 2004, Guibert contributed to the successful negotiations

that led to an agreement between ST and Hynix to build the new front-end

memory-manufacturing facility in China, which is scheduled to begin volume

production this year.






Succeeding Guibert's appointment, Thierry Tingaud, currently Vice President
Sales and Marketing Europe for Telecommunications, will be promoted to the

position of Corporate VP and General Manager of ST's Emerging Markets Region,

effective July 1, 2006.






“The Asia-Pacific economies and the emerging markets around the world rank among
the fastest growing regions within the global electronics industry. I count on

Francois and Thierry to continue our leading position, expand our presence and

increase our influence in parts of the world that have strategic importance for

our future success,” commented Alain Dutheil, Chief Operating Officer of

STMicroelectronics. “I would also like to use this opportunity to praise

Jean-Claude Marquet for his long-standing commitment and invaluable contribution

to the success of the Company.”






ST's Emerging Markets region covers Brazil, India, and Russia.





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