STMicroelectronics announced organizational restructuring and executive appointments. Remy El-Wazan was appointed as President and Executive Committee Member, responsible for microcontrollers, digital integrated circuits, RF and optical communications products. Building on his current responsibilities, he will also be in charge of the image sensor sub-business group and serve as the chief technology officer of any semiconductor. As Chief Technology Officer, El-Wazan will oversee R&D for digital complementary metal-oxide semiconductors and their derivative technologies, advanced packaging, testing and characterization, and global systems research applications and systems engineering. The purpose of this adjustment is to strengthen collaboration between product development, research and technology projects within the company, and ultimately accelerate the pace of innovation implementation and product launch. Marco Cassis was appointed as President and Executive Committee Member, responsible for analog, power and discrete devices, and MEMS products. Based on his current responsibilities, he will be responsible for research and development of technologies related to analog, power devices, discrete devices, and microelectromechanical systems to promote profitable growth in this product business group. Cassis continues to retain his original role as head of strategy at STMicroelectronics, while also serving as Chief Strategy Officer. As Chief Strategy Officer, he will align the company's development vision and business goals in line with market changes, explore growth opportunities, cooperation opportunities, and small mergers and acquisitions, and predict the competitive landscape of the industry.

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