Advertisement
Singapore markets closed

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Bitcoin USD

    66,576.01
    +596.62 (+0.90%)
     

  • CMC Crypto 200

    1,438.59
    +14.49 (+1.02%)
     

  • FTSE 100

    8,088.75
    +43.94 (+0.55%)
     

  • Gold

    2,328.70
    -13.40 (-0.57%)
     

  • Crude Oil

    82.83
    -0.53 (-0.64%)
     

  • 10-Yr Bond

    4.6400
    +0.0420 (+0.91%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

STMicro board wants to replace CEO, has short-list of candidates

Reuters

PARIS (Reuters) - The board of Franco-Italian chipmaker STMicroelectronics has decided to replace its current chief executive Carlo Bozotti, a source close to the matter told Reuters on Thursday.

"The process has been launched and there is a short-list of potential successors," the source said.

An STMicroelectronics spokesman declined to comment on questions regarding any change of management.

Carlo Bozotti’s current employment contract expires in May 2017. Bozotti, 64, has held the position of CEO at STMicroelectronics since March 2005.

(Reporting by Mathieu Protard; Eric Auchard; writing by Michel Rose, Matthias Blamont. Editing by Marc Joanny and Jane Merriman)