SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 March 16, 2004
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STMicroelectronics N.V.
(Name of Registrant)
39, Chemin du Champ-des-Filles
1228 Plan-les-Ouates, Geneva, Switzerland
(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- __________
Enclosure: A press release dated March 15, 2004, announcing Pasquale Pistorio's
succession plan.
Pasquale Pistorio's Succession Plan Announced at STMicroelectronics
Geneva - March 15, 2004 - At the Annual General Shareholders' Meeting of 2005,
the mandate of Mr. Pasquale Pistorio as President and Chief Executive Officer
of STMicroelectronics will expire. As previously reported, Mr. Pistorio, who
will be 69 years old at that time, will formally retire from the positions
that he has held since the formation of STMicroelectronics in 1987.
Mr. Pistorio, in concert with his management team, has been the architect of
the Company's outstanding achievements of the past several years, and the
Company's Supervisory Board supports the continuity of the management culture
that he has instilled within the organization. Therefore, the Supervisory
Board has approved Mr. Pistorio's recommendation for his succession and will
propose that Mr. Carlo Bozotti (age 52) be appointed as Sole Member of the
Management Board and President and Chief Executive Officer of
STMicroelectronics, subject to approval by the Company's shareholders at the
2005 Annual General Meeting.
Moreover, as part of the succession plan, the Supervisory Board, upon the
proposal of Mr. Bozotti, will endorse the appointment of Mr. Alain Dutheil
(age 59) as Chief Operating Officer reporting to the President and CEO.
Italian born, Mr. Bozotti is a graduate in Electronic Engineering from the
University of Pavia and joined the Italian manufacturer SGS-ATES, an ST
predecessor company, in 1977. He quickly climbed the corporate ladder, gaining
responsibility for the Telecom Business Unit within the Dedicated Products
Group, and then heading Corporate Strategic Marketing and Key Accounts. Mr.
Bozotti subsequently became Corporate VP for Marketing and Sales, Americas,
and moved into a similar role for Europe and Headquarters Region, thereby
developing broad international expertise and close relationships with key
customers. Today Carlo Bozotti is Corporate VP, General Manager, Memory
Products Group, a position he assumed in 1998.
Born in the South of France, Mr. Dutheil is an Engineering graduate from Ecole
Superieure d'Ingenieurs of Marseilles. He began his professional career in
1969 with Texas Instruments and joined Thomson Semiconducteurs, an ST
predecessor company, in 1983 as Manager of the Aix-en-Provence plant in
France. After an experience as General Manager for the Discrete Products
division, he became Corporate VP of all Back-end manufacturing activities of
STMicroelectronics. Building upon his strong commitment to Total Quality
Management, his organizational skills, and his understanding of human capital,
Mr. Dutheil was also appointed Corporate VP Human Resources, a position he
currently holds together with that of Corporate VP Strategic Planning.
Together Mr. Bozotti and Mr. Dutheil combine over 60 years of experience in
the semiconductor field where they have been active throughout their entire
working careers and covering a large portion of the industry's history.
Their broad expertise in key areas such as: technology, manufacturing,
marketing, and people management, combined with their presence and active role
in the Corporation from its creation in 1987, ensure not only a continuity of
the Company's culture, but also a deep understanding of ST's corporate life
and overall knowledge of the industry.
About STMicroelectronics
STMicroelectronics N.V. 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 (Borsa Italiana). In 2003, the Company's net
revenues were $7.24 billion and net earnings were $253 million. Further
information on ST can be found at www.st.com.
SIGNATURES
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.
STMicroelectronics N.V.
Date: March 16, 2004 By: /s/ PASQUALE PISTORIO
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Name: Pasquale Pistorio
Title: President and Chief Executive Officer
Enclosure: A press release dated March 15, 2004, announcing Pasquale Pistorio's
succession plan.