CEO to exit ST-Ericsson

No replacement has been announced for Lamouche in his positions at either ST-Ericsson or STMicroelectronics where he was COO until December 2011.

In the financial results for 4Q11, immediately after Lamouche became CEO, ST-Ericsson made a net loss of $231 million on sales revenue of $409 million. In the most recent quarter's results, those for 4Q12, ST-Ericsson made an adjusted loss of $133 million on sales revenue of $358 million. (See ST exit strategy a little too late?)

Hans Vestberg, chairman of the ST-Ericsson board of directors, said: "Didier Lamouche came into ST-Ericsson when the company was in a very challenging situation and has been instrumental in bringing the company to the point where it is more focused on strategy execution, has a much lower break-even point and positive momentum where the new LTE modem-based products are ready for market introduction this year."

- Peter Clarke
??EE Times