Trade Resources Company News Didier Lamouche Has Resigned Both as COO of STMicroelectronics and CEO of ST-Ericsson

Didier Lamouche Has Resigned Both as COO of STMicroelectronics and CEO of ST-Ericsson

Didier Lamouche has resigned both as COO of STMicroelectronics and CEO of ST-Ericsson.

No replacement has been named and there has been no announcement about whether Lamouche is moving to a new job.
 
In Q3 this year, ST has said it will have exited the ST-Ericsson joint venture.
 
Lamouche joined ST  as COO in October 2010 in succession to Alain Dutheil.
 
In November 2011, Lamouche was appointed CEO of  St-Ericsson in succession to Gilles Delfassy.
 
It was announced when he was appointed CEO of ST-E that he would be keeping his role as COO of ST.
 
The first quarterly results for ST-E under Lamouche’s tenure as CEO of ST-E were in Q4 2011 when ST-E had a loss of $231m on sales of $409m. 
 
In the last quarterly results of Lamouche’s tenure, Q4 2012, ST-E had a loss of $133m on sales of $358m.
 
Lamouche is a former CEO of Bull. He will be 54 this year.
Source: http://www.electronicsweekly.com/Articles/2013/03/11/55726/lamouche-resigns-from-st-and-st-e.htm
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Lamouche Resigns From St and ST-E.