Dr. Wolfgang Eder takes over as Chair of Infineon's Supervisory Board, Dr. Reinhard Ploss appointed Chief Executive Officer until the end of 2022
Munich, Germany, 6 August 2019 – The Supervisory Board of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) elected Dr. Wolfgang Eder (67) as its new Chair during its meeting today. He succeeds Dr. Eckart Sünner (75), who became Chair of the Supervisory Board in February 2018. Dr. Sünner announced his resignation from the post, effective this summer, at this year's Annual General Meeting. Furthermore, the Supervisory Board today decided that Infineon's current CEO, Dr. Reinhard Ploss (63), will continue to lead the company until the end of 2022. The existing contract with Dr. Ploss was to expire as of 30 September 2020.
Dr. Wolfgang Eder, Chairman of the Infineon Supervisory Board: “Infineon is developing in a highly dynamic manner, systematically expanding its leading position in central future-oriented fields of semiconductor technology. I am extremely pleased to take over as Chair of the Supervisory Board in an environment characterized by such enormous future potentials. At the same time, I would like to thank Reinhard Ploss in the name of the entire Supervisory Board for continuing to lead the company as Chief Executive Officer for the next three years. As CEO, Dr. Ploss has decisively influenced the successful path of Infineon over the past seven years. Both the planned acquisition of the US company Cypress Semiconductor and a wide range of new technological developments will present Infineon with crucial strategic decisions in the future. Dr. Ploss will have a determining impact on these decisions with his strategic vision, his experience and his skilled leadership. I am equally grateful to my predecessor as Chair of the Supervisory Board, Dr. Sünner, who has led the Board through eventful times with a steady and extremely competent hand.”
Dr. Reinhard Ploss, CEO of Infineon: “I am greatly honored by the trust the Supervisory Board has placed in me. With our investments in manufacturing capacities, research and development as well as the planned strategic expansion through Cypress we are ensuring that Infineon can profit in particular from the growing demand for microelectronics in existing and new application fields. Based on our strengths in power technologies, Infineon is continuing to enhance its offering towards complete system solutions. I very much look forward to continuing the Infineon success story together with our experienced leadership team.”
Dr. Eckart Sünner, former Chairman of the Supervisory Board: “I am very pleased to place the Chair of the Supervisory Board in the experienced hands of Dr. Eder. I am convinced that Dr. Eder, together with Dr. Ploss and his entrepreneurial and technological intuition, will successfully leverage the enormous opportunities that present themselves to Infineon. Infineon is a dynamic and well-positioned company. Today's decisions ensure that Infineon also possesses an excellent top-management for the years ahead.”
Dr. Sünner has been a member of the Supervisory Board on the shareholder side since 2007. In February 2018 he succeeded Wolfgang Mayrhuber as Chair of the Supervisory Board. Dr. Sünner will continue to serve the company as a regular member of the Supervisory Board and as Chairman of the Investment, Finance and Audit Committee until the scheduled Annual General Meeting in 2020. Dr. Eder was elected to the Supervisory Board as a representative on the shareholder side in 2018 and was CEO of Austria’s voestalpine AG until July 2019. Dr. Ploss has been with the company since 1986, has been a Member of the Infineon Management Board since 2007 and Chief Executive Officer since 2012.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2018 fiscal year (ending 30 September), the Company reported sales of €7.6 billion with about 40,100 employees worldwide. 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).