Updates on STMicroelectronics' 2025 AGM Proposals Explained
Updates on STMicroelectronics' Proposed Resolutions for 2025 AGM
PR No: C3328C
STMicroelectronics (NYSE:STM), a prominent name in the semiconductor industry, recently released information regarding updates to its agenda for the upcoming Annual General Meeting of Shareholders (AGM).
The much-anticipated meeting is scheduled to take place in Amsterdam, Netherlands, and will highlight key resolutions concerning the company's governance and strategic direction. An important aspect of this announcement includes the nomination of Ms. Simonetta Acri to the Supervisory Board for a term lasting three years, culminating at the conclusion of the 2028 AGM.
Implications of the Updated Proposed Resolutions
The Supervisory Board's decision to nominate Ms. Acri underscores STMicroelectronics' commitment to enhancing its governance framework. This move reflects a trend among leading companies to bring diverse perspectives and experienced leadership into their boards, especially in a fast-evolving industry like semiconductors.
The official agenda for the AGM now includes this supplement, alongside previously announced items, all of which aim to drive STMicroelectronics' mission of innovation and sustainability. Shareholders and stakeholders can access the updated agenda on the company's website.
Vacancies and Future Board Developments
With the upcoming AGM, there will also be an additional vacancy on the Supervisory Board. The company is actively in the process of selecting a suitable candidate to fill this position. Updates regarding this selection process will be communicated at the appropriate time, ensuring transparency and engagement with stakeholders.
About STMicroelectronics
STMicroelectronics stands as a leader in manufacturing high-performance semiconductor technologies. The company’s workforce comprises around 50,000 talented individuals dedicated to mastering various facets of the semiconductor supply chain. Through its advanced manufacturing capabilities, STMicroelectronics serves over 200,000 customers in diverse electronic applications.
In an era where sustainability is paramount, STMicroelectronics prioritizes eco-friendly practices that contribute to a better tomorrow. Their innovative technologies facilitate smarter mobility, efficient power management, and the extensive deployment of connected autonomous devices.
Commitment to Sustainability
STMicroelectronics has set ambitious goals, aiming to achieve carbon neutrality across all its operations, including direct and indirect emissions (scopes 1 and 2), as well as transportation and commuting emissions (scope 3). The company is also working towards sourcing 100% renewable electricity by the end of 2027, reinforcing its role in fostering a sustainable electronic ecosystem.
Contact Information
For further inquiries, stakeholders can reach out to:
INVESTOR RELATIONS
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
Email: jerome.ramel@st.com
MEDIA RELATIONS
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
Email: alexis.breton@st.com
Frequently Asked Questions
What updates were made to the proposed resolutions for the AGM?
The recent updates include the nomination of Ms. Simonetta Acri to the Supervisory Board for a three-year term.
Where will the Annual General Meeting take place?
The AGM is set to be held in Amsterdam, Netherlands.
What is the significance of the Supervisory Board's updates?
The updates reflect the company's commitment to enhancing governance and bringing diverse perspectives to its leadership.
How does STMicroelectronics support sustainability?
STMicroelectronics aims for carbon neutrality and is transitioning to 100% renewable energy by the end of 2027.
Who can be contacted for investor relations?
Jérôme Ramel is the contact for investor relations at STMicroelectronics, reachable via the provided phone number and email.
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