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Finance

French industry minister says he supports STMicroelectronics CEO Chery

Published by Global Banking & Finance Review

Posted on April 10, 2025

1 min read

· Last updated: April 10, 2025

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French Minister Backs STMicroelectronics CEO Amid Allegations

PARIS (Reuters) - French Industry Minister Marc Ferracci said on Thursday he supported STMicroelectronics CEO Jean-Marc Chery amid allegations of insider trading by two members of its managing board.

"I would like to offer my full support to Jean-Marc Chéry after the recent tensions within the STMicroelectronics Supervisory Board and the announcement of the reorganization plan," Ferracci wrote in a post on social media platform X.

(Reporting by Makini Brice; Editing by Chris Reese)

Key Takeaways

French Industry Minister supports STMicroelectronics CEO.
CEO Jean-Marc Chery faces insider trading allegations.
Tensions exist within the STMicroelectronics Supervisory Board.
A reorganization plan has been announced.
Minister's support was shared on social media platform X.

Frequently Asked Questions

What is the main topic?

The main topic is the support of STMicroelectronics CEO Jean-Marc Chery by French Industry Minister amid insider trading allegations.

Who is Jean-Marc Chery?

Jean-Marc Chery is the CEO of STMicroelectronics, a semiconductor company, currently facing insider trading allegations.

What did Marc Ferracci announce?

Marc Ferracci announced his support for Jean-Marc Chery on social media amid recent board tensions and a reorganization plan.

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