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Stock impact report

Italian top government official seen joining STMicroelectronics supervisory board [Yahoo! Finance Canada]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
ministry department that manages state-run firms and asset disposals, as a supervisory board member at chip maker STMicroelectronics, three sources said. The company, in which the French and Italian governments own a 27.5% share through a holding company, employs 50,000 people worldwide and has been facing a sustained downturn in its key automotive and industrial markets. The proposed nomination, which once formalised must be ratified by the STMicroelectronics supervisory board and by the shareholders in a general meeting in May, comes as Italy is increasingly unhappy with the group's Chief Executive Jean-Marc Chery, one of the sources said. The three sources familiar with the matter told Reuters the holding company would i Read more
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