
Pasquale
Pistorio graduated in 1963 in Electrical Engineering from the
Polytechnic of Turin with a Degree in Electronics. He began his career as
a salesman for Motorola products and in 1967 he joined Motorola in Italy,
rising through the ranks to become Director of International Marketing in
July 1977, based in Phoenix, Arizona. At the same time, he was appointed
Vice President of Motorola Corporation and soon after, in November 1978,
he was promoted to General Manager of Motorola’s International
Semiconductor Division, responsible for design, manufacturing and
marketing activities for all regions outside of the United States.
In July 1980 Pistorio
accepted the challenge to return to Italy as President and Chief Executive
Officer of the SGS Group, the only Italian microelectronics company. His
unwavering commitment to build the company into a profitable broadline
semiconductor manufacturer led to one of Pistorio’s most significant
achievements to date: the successful integration of SGS with the French
semiconductor champion, Thomson Semiconducteurs, in May 1987. This was a
powerful merger, which put the newly formed company, SGS-THOMSON
Microelectronics (renamed STMicroelectronics in 1998), in a much better
position to compete on the international market.
As President and CEO of
the new company, Pistorio has been responsible for developing ST’s diverse
product portfolio based on high-growth applications, as well as its
worldwide network of strategic alliances. This business model has proved
so successful that ST is now positioned at the highest level in the
worldwide ranking of semiconductor companies.
Given the successful
performance of the company, shareholders decided to list ST's shares on
the New York Stock Exchange and the Paris Bourse. This 1994 listing was
followed by the listing on the Borsa Italiana (Milan Stock Exchange) in
1998.
In the last two decades,
Pistorio has championed the cause of Europe's microelectronics industry
and his role has not been one of pure theory but has produced concrete and
important industrial results.
Throughout his career,
Pistorio has also been a staunch advocate of environmental protection. He
passionately believes that companies such as ST should continually strive
to be at the forefront of the sustainable development movement. This
belief is based not only on ethical and social grounds, but also on the
more practical need to attract and retain young, talented employees. It
also stems from his firm conviction that environmentally friendly
companies are more financially competitive.
As a firm believer in
corporate social responsibility, Pistorio takes a special interest in the
cause of fighting the Digital Divide -- the huge imbalance between those
who have access to information technology and benefit from it and those
who do not. As a member of the United Nations Information and
Communications Task Force dedicated to bridging the Digital Divide, he
helps develop proposals to attract corporate attention and commitment to
this new worldwide challenge.
Upon his retirement as
President and CEO of STMicroelecronics on March 18th, 2005, Pistorio was
appointed by the Company’s Managing Board as Honorary Chairman, where he
acts as an ambassador of the Company while continuing to make available to
ST, as appropriate, his wealth of experience and insight into the
semiconductor, electronics, and industrial worlds.
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