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STMicroelectronics Rejects Italian Government's Nominee for Supervisory Board for Second Time
5 day ago /
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Author：小编
STMicroelectronics has declined the Italian government's proposal to appoint a candidate to its supervisory board and thwarted attempts to convene an extraordinary general meeting. Dissatisfied with CEO Jean-Marc Chery's performance, the Italian government sought French support for his replacement, but the French side remains steadfast in its support of Jean-Marc Chery. Twice, the company's supervisory board has rejected the nomination of Marcello Sala and refused to hold an extraordinary general meeting. Presently, STMicroelectronics confronts the challenge of waning demand in both automotive and industrial markets.
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