Italian top government official seen joining STMicroelectronics supervisory board
The company, in which the French and Italian governments own a 27.5% share through a holding company, employs 50,000 people worldwide and has been facing a sustained downturn in its key automotive and industrial markets.
The proposed nomination, which once formalised must be ratified by the STMicroelectronics supervisory board and by the shareholders in a general meeting in May, comes as
The three sources familiar with the matter told Reuters the holding company would indicate Sala and
The supervisory board oversees policies followed by the board of directors and advises it.
Sala and Acri are expected to replace
A close aide to
He supported the economy ministry as
Current members of the STMicroelectronics supervisory board include
The Italian government wants to get a closer look at STMicroelectronics' plan to reduce its workforce as part of a
Giorgetti and Industry Minister
Sala will not resign from his job at the economy ministry in the immediate future, the sources said.
He is also among the candidates for the position of chairman at payments group Nexi, in which state lender Cassa Depositi e Prestiti is a leading shareholder, one of the sources added.
(Additional reporting by Nathan Vifflin in Gdansk, editing by
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