STMicroelectronics (NYSE: STM) has announced that its Supervisory Board has asked Jean-Marc Chery, the company’s President and Chief Executive Officer, to make himself available for reappointment for an additional year. Mr Chery has accepted the proposal.
The Supervisory Board will propose his reappointment to shareholders at the company’s 2027 Annual General Meeting (AGM). If approved, Mr Chery will serve a further one-year term as Chairman of the Managing Board, President and Chief Executive Officer of STMicroelectronics.
The proposed reappointment is intended to maintain continuity in the company’s strategy and operations. According to STMicroelectronics, Mr Chery’s leadership, strategic direction and focus on execution have helped guide the company’s development and strengthen its value proposition.
The Supervisory Board’s decision recognises the importance of maintaining the current strategic direction, continuing disciplined execution and building on the progress achieved under Mr Chery’s leadership. The proposal will be submitted to shareholders for consideration at the 2027 AGM. His continued tenure will therefore depend on the outcome of the shareholder vote.
STMicroelectronics is a semiconductor company with approximately 49,000 employees and manufacturing facilities across the semiconductor supply chain. The company works with more than 200,000 customers and thousands of partners to develop semiconductor technologies, products and solutions.
Its technologies support applications in smart mobility, power and energy management, and connected autonomous devices. STMicroelectronics is also working towards carbon neutrality across its direct and indirect emissions under Scopes 1 and 2, as well as selected Scope 3 emissions covering product transportation, business travel and employee commuting. The company has set a target of sourcing 100% of its electricity from renewable sources by the end of 2027.
