SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated May 14, 2003
STMicroelectronics N.V.
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(Translation of registrant's name into English)
39, Chemin du Champ-des-Filles,
1228 Plan-les-Ouates, Geneva, Switzerland
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F]
Form 20-F X Form 40-F
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[Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):]
Yes No X
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934]
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
Registrant in connection with Rule 12g3-2(b): 82-______]
Enclosures:
A press release dated May 13, 2003 announcing the appointment of Carlo Ferro as
Corporate Vice President - Chief Financial Officer.
LOGO OMITTED
PRESS RELEASE
COMMUNIQUE DE PRESSE
COMUNICATO STAMPA
PRESSE INFORMATION
PR No. C1309H
Carlo Ferro Appointed
Corporate Vice President, Chief Financial Officer
STMicroelectronics
Geneva, May 13, 2003 - STMicroelectronics (NYSE: STM) has announced the
appointment of Carlo Ferro as Corporate Vice President - Chief Financial
Officer, reporting directly to Pasquale Pistorio, President and Chief Executive
Officer. As previously announced, at the Q4 and full-year 2002 results
announcement, Carlo Ferro succeeds Maurizio Ghirga who is retiring after a long
and successful career with ST, having held the position of Chief Financial
Officer since the Company's formation in 1987.
Mr. Ferro, 42, a Swiss and Italian citizen and a Certified Public Accountant,
has served alongside Mr. Ghirga as Deputy Chief Financial Officer for the past
twelve months in order to ensure continuity when taking over as Chief Financial
Officer. Ferro joined ST in June 1999 as Group Vice President, Corporate
Finance, responsible for overseeing finance and accounting for all the Company's
worldwide affiliates, and managing corporate financial functions.
Prior to joining ST, Mr. Ferro's business experience has been one of increasing
financial responsibility across a number of industries. From 1992 to 1996, he
was Corporate Development Director with Finmeccanica, the leading Italian
high-tech engineering and manufacturing group and a shareholder of ST. In this
capacity he contributed in the Company's Initial Public Offering on the New York
Stock Exchange (NYSE), in November 1994. In 1996, Mr. Ferro joined Elsag Bailey
Process Automation, a Dutch-incorporated and NYSE-listed Company with worldwide
operations. Initially appointed as Vice President Strategic Planning, he was
subsequently promoted to Vice President Planning and Control and Principal
Financial Officer, continuing in that position until pursuing his career with
ST.
Commenting on the appointment, Pasquale Pistorio, President and CEO of
STMicroelectronics, said, "Carlo's extensive financial experience and background
have prepared him well for this demanding role. His proven capabilities in
accounting, internal controls, capital markets, and general management, as well
as his strong drive, make him the ideal person to lead our financial
organization in the future for the Company's success. We
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look forward to his continued contributions, while thanking Maurizio Ghirga for
the invaluable service he has given to the Company's success, since its very
birth."
"This is a challenging time to become CFO of a corporation listed on three stock
exchanges," said Carlo Ferro. "Indeed, I am very comfortable taking over because
the culture of corporate integrity and fair disclosure to shareholders are key
values in ST's culture and are part of our DNA. I am taking over a 'golden'
legacy of a solid accounting infrastructure and processes coupled with an
outstanding team; the capital structure of the Company is extremely healthy and
solid. These features will constitute a precious tool in my commitment to
contribute to the Company's continued success, and in serving our shareholders."
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor
solutions across the spectrum of microelectronics applications. An unrivalled
combination of silicon and system expertise, manufacturing strength,
Intellectual Property (IP) portfolio and strategic partners positions the
Company at the forefront of System-on-Chip (SoC) technology and its products
play a key role in enabling today's convergence markets. The Company's shares
are traded on the New York Stock Exchange, on Euronext Paris and on the Milan
Stock Exchange. In 2002, the Company's net revenues were $6.32 billion and net
earnings were $429.4 million. Further information on ST can be found at
www.st.com
For further information please contact:
Media Relations Investor Relations
Maria Grazia Prestini Benoit de Leusse
Director, Corporate Media Relations Investor Relations Manager, Europe
STMicroelectronics STMicroelectronics
Tel: +41.22.929.6945 Tel: +33.4.50.40.24.30
Lorie Lichtlen / Nelly Dimey Nicole Curtin / Jean-Benoit Roquette
Financial Dynamics Financial Dynamics
Paris Tel: +33.1.47.03.68.10 Paris Tel: +33.1.47.03.68.10
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
STMicroelectronics N.V. has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: May 14, 2003 STMicroelectronics N.V.
By: /s/ Pasquale Pistorio
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Name: Pasquale Pistorio
Title: President and Chief
Executive Officer