STMicroelectronics CFO, Carlo Ferro is to head-up operations at struggling ST-Ericsson as chief operating officer of the company. Mario Arlati, ST’s chief accounting officer will take on the CFO role at STMicroelectronics.
“I have been working closely with Carlo in his role as ST’s chief financial officer for the past six years,” said Carlo Bozotti, ST president and chief executive officer. “I am confident that his knowledge, drive for results and determination will play a fundamental role in the turnaround of ST-Ericsson. I would like to thank him for taking on this important assignment.”
Arlati graduated in Business and Economics at Università Cattolica in Milan in 1974 and started his professional career joining SGS-ATES, a predecessor company of STMicroelectronics.
Arlati was an integral member of the teams who managed the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs and later, in 1994, ST’s Initial Public Offering on the NYSE and Euronext Paris.