Changes in the Management Board of Infineon Technologies AG
Neubiberg, Germany – August 4, 2010 – Peter Bauer, former Spokesperson of the Management Board, has been appointed Chairman of the Board with immediate effect.
Chief Financial Officer and Labor Director Dr. Marco Schröter has left the Management Board of Infineon Technologies AG with immediate effect. This was caused by differences in opinion over future company policy.
Peter Bauer will transitionally take over the role of Chief Financial Officer until a successor will be appointed. The role of the Labor Director with responsibility for Human Resources will be transitionally assumed by Member of the Management Board Dr. Reinhard Ploss.
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, communications, and security. In the 2009 fiscal year (ending September), the company reported sales of Euro 3.03 billion with approximately 25,650 employees worldwide. With a global presence, Infineon operates through its subsidiaries in the U.S. from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com