STMicroelectronics has appointed its CFO, Carlo Ferro, as the new COO of ST-Ericsson with immediate effect, to focus on the company's turnaround. Ferro has been CFO of STMicroelectronics since 2003, has served on the board of ST-Ericsson and has been chairman of its audit committee since the inception of the company. In his new role Ferro will support Didier Lamouche, STMicroelectronics' former COO who was named CEO of ST-Ericsson in December 2011. While Ferro is assigned to ST-Ericsson, Mario Arlati, ST's chief accounting officer and head of corporate external reporting, has been appointed as ST's CFO. ST's corporate strategy officer, Philippe Lambinet, will take over investor relations, previously part of the CFO organisation.
