ST announces re-organization as automotive executive leaves

ST announces re-organization as automotive executive leaves

Business news |
By Peter Clarke

STMicroelectronics has announced a change of organization from three major business units to two. The two product groups are split into four reporting segments.

ST also announced that Marco Monti, who has led the automotive and discrete product group, is leaving the company.

The company claims the re-organization will deliver better focus on customers, product development and time-to-market. It comes into effect on February 5, 2024. In addition, the company is adding an application marketing focus organized by end-market sector across all geographies to complement the existing sales and marketing organization.

The two product groups will be: Analog, Power & Discrete, MEMS and Sensors (APMS), led by Marco Cassis; and Microcontrollers, Digital ICs and RF products (MDRF), led by Remi El-Ouazzane.

APMS will include two reporting units: analog products, MEMS and sensors (AM&S); power and discrete products (P&D).

The MDRF product group will include all ST’s digital ICs and microcontrollers, including automotive microcontrollers; RF, ADAS and infotainment ICs. It will have two reporting segments; microcontrollers (MCUs) and digital ICs and RF products (D&RF).

“This is an important step in the development of our established strategy, in line with our value proposition to all stakeholders and with the business and financial ambitions we set back in 2022,” said Jean-Marc Chery, CEO of ST, in a statement.

ST is implementing an application marketing organization by end market across all ST Regions, as part of its sales & marketing organization led by Jerome Roux. The application marketing organization will cover the following four end markets:

  • Automotive
  • Industrial power and energy
  • Industrial automation, IoT and AI
  • Personal electronics, communication equipment, computer peripherals.

The current regional sales and marketing organization remains unchanged.

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