STMicroelectronics N.V. : Italy not expected to block renewal of Jean Marc Chery (good news for a heavily discounted stock)
>Agreement from Italy on the renewal of Jean Marc Chery at the AGM on 22 May, in return for appointment of Lorenzo Grandi (CFO) to the board - According to Italian media cited by Bloomberg on Saturday, the Italian Finance ministry has reached an agreement, whereby it will drop its opposition to the renewal of Jean Marc Chery's mandate as STM’s CEO for the next three years (2027). The article indicates that the proposal announced Friday for a resolution, for the AGM on...STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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