STMicroelectronics Announces Appointment of New Audit Committee Chair
GENEVA -- (Marketwired) -- 04/22/13 -- STMicroelectronics (NYSE:
STM), a global semiconductor leader serving customers across the
spectrum of electronics applications, announced today that Ms.
Martine Verluyten has succeeded Mr. Tom de Waard as Chair of the
Audit Committee of the ST Supervisory Board.
Ms. Verluyten has been a member of the ST Supervisory Board and has
served on its Audit Committee since May 2012. Prior to that, she was
Chief Financial Officer of Umicore N.V. until 2011. Over her long and
distinguished career, she was Chief Financial Officer of Mobistar
N.V. from 2001 to 2006 and she has held a number of senior financial
positions at other companies. Ms. Verluyten began her career as an
auditor at KPMG.
Didier Lombard, Chairman of the Supervisory Board, said: "On behalf
of the ST Supervisory Board, I warmly welcome Martine to the
prestigious chair of the Audit Committee of the Supervisory Board.
Her insights and strong track record in finance and business
management, coupled with the knowledge of ST acquired over the past
year, will bring a strong leadership to the activities of the Audit
Committee. My deep thanks go to Tom de Waard for his outstanding
chairmanship of the Audit Committee; we will continue to benefit from
his experience and contribution as a member of our Supervisory Board
and other important Committees."
Biography - Martine Verluyten
Until 2011, Martine Verluyten was the CFO of Umicore N.V. based in
Brussels. Previously she had been CFO of Mobistar N.V. (2001-2006),
having initially joined Mobistar in 2000 as Group Controller. Ms.
Verluyten had earlier been at Raychem since 1976, holding various
management positions during her 23-year tenure, from Manager European
Consolidations (1976-1979) to General Accounting Manager, based in
the US (1979-1983). She was promoted to Division Controller Telecom
Division Europe in 1983 and in 1990 was also appointed Finance &
Administration Director of Raychem NV. In 1995, she became Europe
Controller Finance & Administration Director until 1999. Martine
Verluyten began her career in 1973 at KPMG as an Auditor. Ms.
Verluyten is also an independent board member of 3i and Thomas Cook
(as well as the Chair of its Aud
it Committee) and the Chair of the
Audit Committee of the Flemish Region.
ST is a global leader in the semiconductor
market serving customers across the spectrum of sense and power and
automotive products and embedded processing solutions. From energy
management and savings to trust and data security, from healthcare
and wellness to smart consumer devices, in the home, car and office,
at work and at play, ST is found everywhere microelectronics make a
positive and innovative contribution to people's life. By getting
more from technology to get more from life, ST stands for
In 2012, the Company's net revenues were $8.49 billion. Further
information on ST can be found at www.st.com.
New Audit Committee Chair
For further information, please contact:
Group VP, Investor Relations
Tel: +1 602 485 2064
Director, Corporate Media and Public Relations
Tel: +33 158 077 785
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