Personnel Change at Infineon: Thomas Seifert to Head the Memory Products Business Group

May 19, 2004 | Technology Media

Munich, Germany – May 19, 2004 – With effect from June 1, 2004, Thomas Seifert (40) will assume global responsibility for the Memory Products Business Group at Infineon Technologies AG. Seifert succeeds the previous Group CEO, Dr. Harald Eggers (54), who is leaving the company at his own request after more than 25 years’ of service to devote more time to his private life. Until the appointment of a successor, Peter Gruber (43), CFO of the Wireline Communications Business Group, will preliminary assume responsibility for the Group headed until now by Seifert. A successor will be appointed shortly. Dr. Eggers will head various corporate projects until the end of December 2004; he will then continue to put his many years of expertise and excellent global networking consultative at the company’s disposal.

Thomas Seifert has headed Infineon’s Wireline Communications Business Group since 2002. He succeeded in transforming it into a competitive segment through extensive restructuring and the sale of Infineon’s optical fiber components business to Finisar. Seifert launched his career in 1990 in the former Siemens’ Semiconductor Group where, starting in 1993, he spent three years working on the manufacturing cooperation with IBM on the Management Board in Essonnes, France. From 1996 to 2000, Seifert went on to lead the White Oak Semiconductor plant, Infineon’s joint venture with Motorola in Richmond VA, USA, to success, gaining wide-ranging expertise in the memory products area in the process. Seifert moved over to the Wireline Communications Business Group in 2000, where he successfully applied his international business experience firstly as COO, then as CEO.

“The Managing Board and employees would like to thank Dr. Eggers for his many years of successful work for the company,” stressed Max Dietrich Kley, President and CEO of Infineon Technologies AG. It was under his management that Infineon’s biggest segment grew to become an internationally based business group with a production network, research and development activities, and partnerships now ranging across three continents. The fact that Infineon’s memory business has developed in such a good way in the, by its very nature, cyclical DRAM market is due not least to Dr. Eggers’ expert understanding as well as his personal, globe-spanning contacts and excellent cultural grasp. We are delighted that Dr. Eggers will continue to be on hand for the company in a consultative capacity.”

After studying physics, Dr. Eggers began his career at Siemens in 1979. Here he held numerous management posts within Memory Products before taking over the leadership of the Group in 2000.

About Infineon

Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for the automotive and industrial sectors, for applications in the wired communications markets, secure mobile solutions as well as memory products. With a global presence, Infineon operates in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In fiscal year 2003 (ending September), the company achieved sales of Euro 6.15 billion with about 32,300 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX). Further information is available at www.infineon.com.

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Information Number

INFXX200405.061