ST-Ericsson ceo to step down

Didier Lamouche has decided to step down as ceo and president of ST-Ericsson.

The company was already in some tumult after STMicroelectronics announced that it was exiting the venture late last year. Ericsson hasn't provided any further details on what it plans to do with ST-Ericsson or who will take over as ceo. Lamouche took on the role as ceo in December 2011. His resignation will take effect on March 31.