STMicro rejects call to let shareholders vote on Italian board candidate, sources say
Italia
ROME :STMicroelectronics has rebuffed a fresh Italian government attempt to appoint its candidate to the chipmaker's supervisory board, two sources familiar with the matter told Reuters on Wednesday. The Italian and French governments indirectly own a combined 27.5 per cent stake in STMicro but Italy is increasingly unhappy with CEO Jean-Marc Chery and wants Paris to join efforts to replace him. However, the French government is standing by Chery. STMicro employs 50,000 people worldwide and has
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