Executive Biographies

Carlo Ferro is Executive Vice President and Chief Financial Officer of STMicroelectronics and has held this position since May 2003. His responsibilities also include the Company’s Investor Relations (since 2005) and Corporate Treasury (since 2006). Ferro is a member of ST’s Corporate Strategic Committee. He chairs the Board of Incard SA, an ST-group company specializing in smart-card solutions, and he sits on the Board of Directors and chairs the Audit Committee of ST-Ericsson AG, the 50/50 joint venture focusing on semiconductors and platforms for mobile applications. Ferro is also a member of the Board of Directors of ST’s affiliates in Singapore, Japan, France and Italy.

From 1992 to 1996, Ferro gained extensive experience in Planning and Control, Corporate Finance and M&A at Finmeccanica, the leading Italian high-tech engineering and manufacturing group and a former shareholder of STMicroelectronics. Over the next three years he held executive positions for Elsag Bailey Process Automation NV, a global leader in process control listed at NYSE, first as Vice President for Strategic Planning, and later as Vice President for Planning and Control. In 1999, Ferro joined ST as Group Vice President Corporate Finance, overseeing finance and accounting for all the Company’s worldwide affiliates, tax planning, internal control, internal audit, and finance for M&A. In 2002, he became Deputy CFO, and was promoted to Chief Financial Officer in 2003.

Carlo Ferro, a Swiss and Italian citizen, was born in Savona, Italy, in 1961 and graduated in Business and Economics from the LUISS Guido Carli University in Rome, where he served as a professor of Planning and Control until 1996 and is now an associate professor of Finance. He is a Certified Public Accountant in Italy.