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CARLO FERRO
Executive Vice President, Chief Financial Officer
STMicroelectronics
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 Carlo
Ferro, a Swiss and Italian citizen, was born in Savona
(Italy) in 1961 and graduated in 1984 in Business and Economics
at the LUISS Guido Carli University, Rome.
A Certified Public Accountant, he gained experience in accounting
and control with a number of top Italian and international companies,
including IRI, a major holding company; Finmeccanica, the leading
Italian high-tech engineering and manufacturing group and a shareholder
of SGS-THOMSON Microelectronics (now STMicroelectronics), and
Elsag Bailey Process Automation NV, a worldwide leader in process
control.
With Finmeccanica from 1992 to 1996, as Planning and Control
Manager then Corporate Development Director, he gained extensive
experience in Corporate Finance and M&A through several deals
and public offerings, including his valuable contribution to STMicroelectronics’
Initial Public Offering on the New York Stock Exchange (NYSE)
in November 1994. He took on a new challenge in 1996, joining
the executive team of Elsag Bailey Process Automation, a Dutch
incorporated and NYSE listed Company with worldwide operations,
initially as Vice President Strategic Planning and subsequently
as Vice President Planning and Control and Principal Financial
Officer, continuing in that position until pursuing his career
with STMicroelectronics.
Recognizing his career’s achievements and his understanding
of the fast-moving semiconductor business and the Company, Ferro
was hired by STMicroelectronics in June 1999 as Group Vice President
Corporate Finance, responsible for overseeing finance and accounting
for all the Company’s worldwide affiliates, tax planning,
internal control, internal audit, and finance for M&A.
In April 2002, he was promoted to Deputy Chief Financial Officer
working closely with the Company’s CFO in order to ensure
continuity when he took over the position in May 2003. Effective
from January 1, 2005, Ferro was allocated additional responsibility
for ST’s Investor Relations organization.
In January 2005, he became Executive Vice President following
the formation of the ST Corporate Executive Committee, comprised
of ten senior corporate executives in addition to the COO and
the CEO. In January 2006, Ferro assumed additional responsibility
for ST’s Corporate Treasury.
In addition to his successful career in industry, Carlo Ferro
is an associated professor of Finance at LUISS Guido Carli University
(Rome, Italy), where he already served as a professor of Planning
& Control until 1996. He has served with the Board and Audit
Committee of several companies across various jurisdictions worldwide.
He is the sole Director of STMicroelectronics Services s.r.l.
(a shared Services Affiliate) and the Chairman of Incard S.A.
In 2006, Ferro was designated among the best European CFOs by
a Survey conducted by “Institutional Investor” across
600 analysts and money managers.
Reviewed-May 2008
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