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Italy Pulls Support for STMicro CEO as Board Battle Heats Up
The Italian government is withdrawing its support for STMicroelectronics NV Chief Executive Officer Jean-Marc Chery and his management team, Finance Minister Giancarlo Giorgetti said.
The Italian government is withdrawing its support for STMicroelectronics NV Chief Executive Officer Jean-Marc Chery and his management team, Finance Minister Giancarlo Giorgetti said. Tensions have spiked between Rome and the French-Italian chipmaking venture after it rejected Italy’s nomination of Marcello Sala to its supervisory board, a decision Giorgetti called “incomprehensible, very serious and unacceptable.”
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