STMicroelectronics announces new organization
STMicroelectronics, a global semiconductor leader serving customers across the
spectrum of electronics applications, is announcing its new organization,
effective February 5th, 2024.
“We are re-organizing our Product
Groups to further accelerate our time-to-market and speed of product
development innovation and efficiency. This will enable us to increase value
extraction from our broad and unique product and technology portfolio. In addition,
we are getting even closer to our customers with an application marketing
organization by end market which will boost our ability to complement our
product offering with complete system solutions” said Jean-Marc Chery, President
and CEO of STMicroelectronics. “This is an important step in the
development of our established strategy, in line with our value proposition to
all stakeholders and with the business and financial ambitions we set back in
2022”.
Moving from three to two Product
Groups to further enhance product development innovation and efficiency, and
time-to-market
The two new Product Groups will be:
- Analog,
Power & Discrete, MEMS and Sensors (APMS), led by Marco Cassis, ST
President and member of the Executive Committee; and
- Microcontrollers,
Digital ICs and RF products (MDRF), led by Remi El-Ouazzane, ST President
and member of the Executive Committee.
The APMS Product Group will include
all ST analog products, including Smart Power solutions for automotive; all ST
Power & Discrete product lines including Silicon Carbide products; MEMS and
Sensors.
APMS will include two Reportable Segments: Analog products, MEMS and Sensors
(AM&S); Power and discrete products (P&D).
The MDRF Product Group will include
all ST digital ICs and microcontrollers, including automotive microcontrollers;
RF, ADAS, Infotainment ICs. MDRF will include two Reportable Segments:
Microcontrollers (MCU); Digital ICs and RF Products (D&RF).
Concurrent with this new organization
Marco Monti, ST President of the former Automotive and Discrete Product Group,
will leave the Company.
To complement the existing Sales
& Marketing organization, a new application marketing organization by end
market will be implemented across all ST Regions. This will provide ST
customers with end-to-end system solutions based on the Company’s product and
technology portfolio.
The company is implementing an
application marketing organization by end market across all ST Regions, as part
of its Sales & Marketing organization led by Jerome Roux, ST President and
member of the Executive Committee. The application marketing organization will
cover the following four end markets:
- Automotive
- Industrial
Power and Energy
- Industrial
Automation, IoT and AI
- Personal
Electronics, Communication Equipment and Computer Peripherals.
The current regional Sales &
Marketing organization remains unchanged.
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