Stm, new governance aims to heal disagreements with the French component

StMicroelectronics has convened an Extraordinary General Meeting of Shareholders for 18 December in Amsterdam. The resolutions proposed by the Supervisory Board are the appointment of Armando Varricchio as a member of the Supervisory Board, for a term expiring at the end of the AGM 2028, to replace Maurizio Tamagnini, who resigned from the Supervisory Board in March 2025, and the appointment of Orio Bellezza as a member of the Supervisory Board, for a term expiring at the end of the AGm 2028, to replace Paolo Visca, who resigned from the Supervisory Board in recent days.

I rumors sulle dimissioni di Visca erano circolatiin modo insistente nelle scorse settimane. Visca era rappresentante del ministero dell’Economia e delle Finanze, che controlla, attraverso una joint venture paritetica con la banca pubblica francese Bpifrance, il 27,5% di St. Nel board dal 2023, il mandato di Visca, consigliere del ministro Giancarlo Giorgetti, sarebbe scaduto l’anno prossimo. Tamagnini, invece, si era dimesso a marzo. Il riassetto della componente italiana del Consiglio di Sorveglianza farebbe parte di un percorso condiviso per mettere da parte i contrasti e andare avanti nell’interesse dell’azienda, che opera in un settore strategico. Nel CdS restano Simonetta Acri, che la scorsa primavera è subentrata a Donatella Sciuto, rettore del Politecnico di Milano, tre rappresentanti dell’azionista francese, tra cui l’attuale presidente Nicolas Dufourcq, che è il ceo di Bpifrance, e tre consiglieri indipendenti di “mercato”. Ad aprile il Consiglio di Sorveglianza, che è composto da

Meanwhile, the group closed the third quarter with a 32.3% drop in net profit compared to the same period last year, but better than analysts' forecasts and compared to the previous three months, when the semiconductor group had closed with a loss. Revenues were also down, but above expectations. Revenues 'were slightly above the midpoint of our business forecasts, with higher revenues for Personal Electronics, while Automotive and Industrial results met forecasts and Cecp (Communication Equipment and Computer Peripherals) results were broadly in line with expectations,' said CEO Jean-Marc Chery.

In the third quarter, the semiconductor group reported net income of $237 million, $0.26 per share, compared to net income of $351 million, $0.37 per share, in the same period of 2024 (net loss of $97 million in the previous three months). Revenues fell by 2% year-on-year (+15.2% quarter-on-quarter) to $3.187 billion, compared to the $3.17 billion estimated by the company as an interim figure at the end of the second quarter. Analysts' consensus was for a profit of $191 million, with revenues of $3.174 billion. Gross margin for the quarter was 33.2%, compared to 37.8% in the same period of 2024 and 33.5% in the second quarter. For the third quarter, the group expected a figure of 'around 33.5%', while analysts' consensus was for 33.6%.