PR N°C3225C
- New organization to deliver enhanced product development innovation and efficiency, time-to-market as well as customer focus by end market
- Company re-organized in two Product Groups, split in four Reportable Segments
- New application marketing focus by end market across all Regions to complement existing sales and marketing organization
“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
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.
APMS will include two Reportable Segments: Analog products, MEMS and Sensors (AM&S); Power and discrete products (P&D).
Concurrent with this new organization
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
- 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.
About
At ST, we are over 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 committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027.
Further information can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Group VP, Investor Relations
Tel: +41 22 929 58 12
celine.berthier@st.com
MEDIA RELATIONS:
Tel: + 33 6 59 16 79 08
alexis.breton@st.com
Attachment
- C3225C -
Jan 10 2024 - STNew Organization
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2024 GlobeNewswire, Inc., source