LONDON Singaporean foundry Chartered Semiconductor Manufacturing has appointed Pasquale Pistorio, Honorary Chairman of STMicroelectronics, to Chartered's board of directors.
Pistorio is known for his contributions to Europe's microelectronics industry and his advocacy of environmental protection and corporate social responsibility. In his time as president and chief executive officer of ST Pistorio guided the company to invest in Singapore.
"We're honored to welcome Pistorio, a highly respected and widely accomplished business leader, to the Chartered board," said James Norling, chairman of Chartered's board, in a statement. "His hands-on leadership experience in shaping corporate strategies for growth and his strong industry relationships will be valuable to Chartered as the company steers toward long-term sustainable growth and profitability."
"Chartered has entered an exciting phase of growth where it is demonstrating continuing good progress executing to its leading-edge strategies and transitioning into 300-millimeter manufacturing," said Pistorio, in the same statement.
For Chartered, this is the second notable management change in the past two days.
On Monday, Chartered said that senior vice-president of technology development Shi-Chung Sun had stepped down. Sun will be replaced by Liang Choo Hsia, who in his former role as the firm's vice-president for advanced module development was responsible for spearheading Chartered's joint development activities with IBM, Infineon, and Samsung.
Hsia will report directly to president and CEO Chia Song Hwee and will direct the foundry's overall technology strategy.
Chia said Hsia's appointment would support "the acceleration of our technology development and (further) our position as a top-tier foundry."
Jonathan Hopfner from Singapore contributed to the report