STMicro Names Arlati CFO, Ferro to Help Ericsson Venture
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STMicroelectronics NV, Europe’s largest semiconductor maker, sent Chief Financial Officer Carlo Ferro to help revive joint venture ST-Ericsson and named its chief accounting officer Mario Arlati to succeed him.
Ferro will become chief operating officer of ST-Ericsson after serving since May 2003 as CFO at STMicroelectronics, where he has consolidated silicon fabrication plants and improved the balance sheet, the Geneva-based manufacturer said today in a statement.