The Italian government publicly announced its opposition to STMicroelectronics CEO Jean-Marc Chery on April 9, 2025. Italy's economy minister cited a sustained downturn in the company's key automotive and industrial markets as a reason for this stance.
This opposition from a government that is a significant shareholder in the Franco-Italian chipmaker highlights a serious governance conflict. The minister's comments indicate dissatisfaction with the company's management during a challenging period for the semiconductor industry.
Concurrently, three independent members of STMicroelectronics' supervisory board blocked the appointment of Italian official Marcello Sala to the board, vetoing support from French members. This action further underscores internal divisions regarding board composition and leadership.
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