StockNews.AI
STM
StockNews.AI
153 days

STMicroelectronics announces resignation of a member of Supervisory Board

1. Maurizio Tamagnini resigns from STMicroelectronics Supervisory Board effective immediately. 2. Tamagnini served as Vice-Chairman since 2023 and is a long-term board member. 3. STMicroelectronics is a key player in the semiconductor industry with sustainable goals. 4. The company aims for carbon neutrality and 100% renewable electricity by 2027. 5. No new leadership announced yet following the resignation.

3m saved
Insight
Article

FAQ

Why Neutral?

While the CEO's resignation could create uncertainty, ST's strong market position mitigates impact.

How important is it?

Leadership changes can signal shifts in strategy but the impact is primarily transient.

Why Short Term?

Uncertainty due to the resignation may affect short-term investor sentiment but is unlikely to impact long-term performance.

Related Companies

NXPITXNINTC
STMicroelectronics announces resignation of a member of Supervisory Board Amsterdam, March 19, 2025 – STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announces that Maurizio Tamagnini is resigning from ST’s Supervisory Board, effective immediately. Maurizio Tamagnini was first elected to ST’s Supervisory Board in 2014 and served as Chairman and Vice-Chairman during his tenure. He was Vice-Chairman since 2023. Nicolas Dufourcq, Chairman of ST’s Supervisory Board, expressed his thanks to Maurizio Tamagnini on behalf of the Supervisory Board for his long-term support.                  About STMicroelectronicsAt ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at www.st.com. For further information, please contact: INVESTOR RELATIONS:Jérôme RamelEVP Corporate Development & Integrated External Communication Tel: +41 22 929 59 20 jerome.ramel@st.com MEDIA RELATIONS:Alexis BretonCorporate External CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com C3322C - ST Supervisory Board - March 19 2025 - FINAL FOR PUBLICATION

Related News