STMicroelectronics proposes Chery reappointment as CEO

STMicroelectronics' Supervisory Board has proposed extending Jean-Marc Chery's tenure as President and Chief Executive Officer for an additional year. The board asked Chery to be available for reappointment and he has accepted, according to a press release. The reappointment will be put to shareholders at the company's 2027 Annual General Meeting.

Chery currently holds the positions of Chairman of the Managing Board and President and CEO of STMicroelectronics. The proposed extension would bring his total time with the company to over 20 years. The Supervisory Board highlighted the importance of continuity in the company's strategy and execution under Chery's leadership. STMicroelectronics is a major semiconductor manufacturer with around 49,000 employees and a global footprint, working with over 200,000 customers and partners in the industry.