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Carlo Ferro, a Swiss and Italian citizen, was born in Savona (Italy) in 1961 and graduated in 1984 in Business and Economics at the LUISS Guido Carli University, Rome.
A Certified Public Accountant, he gained experience in accounting and control with a number of top Italian and international companies, including IRI, a major holding company; Finmeccanica, the leading Italian high-tech engineering and manufacturing group and a shareholder of SGS-THOMSON Microelectronics (now STMicroelectronics), and Elsag Bailey Process Automation NV, a worldwide leader in process control.
With Finmeccanica from 1992 to 1996, as Planning and Control Manager then Corporate Development Director, he gained extensive experience in Corporate Finance and M&A through several deals and public offerings, including his valuable contribution to STMicroelectronics’ Initial Public Offering on the New York Stock Exchange (NYSE) in November 1994. He took on a new challenge in 1996, joining the executive team of Elsag Bailey Process Automation, a Dutch incorporated and NYSE listed Company with worldwide operations, initially as Vice President Strategic Planning and subsequently as Vice President Planning and Control and Principal Financial Officer, continuing in that position until pursuing his career with STMicroelectronics.
Recognizing his career’s achievements and his understanding of the fast-moving semiconductor business and the Company, Ferro was hired by STMicroelectronics in June 1999 as Group Vice President Corporate Finance, responsible for overseeing finance and accounting for all the Company’s worldwide affiliates, tax planning, internal control, internal audit, and finance for M&A.
In April 2002, he was promoted to Deputy Chief Financial Officer working closely with the Company’s CFO in order to ensure continuity when he took over the position in May 2003. Effective from January 1, 2005, Ferro was allocated additional responsibility for ST’s Investor Relations organization.
In January 2005, he became Executive Vice President following the formation of the ST Corporate Executive Committee, comprised of six Executive Vice Presidents in addition to the COO and the CEO. In January 2006, Ferro assumed additional responsibility for ST’s Corporate Treasury.
In addition to his successful career in industry, Carlo Ferro is an associated professor of Finance at LUISS Guido Carli University (Rome, Italy), where he already served as a professor of Planning & Control until 1996. He has served with the Board and Audit Committee of several companies across various jurisdictions worldwide. He is the sole Director of STMicroelectronics Services s.r.l. (a shared Services Affiliate) and the Chairman of Incard S.A.
In 2006, Ferro has been designated among the best European CFOs by a Survey conducted by Institutional Investor across 600 analysts and money managers. | 