Elke Reichart takes over responsibility for Digital Transformation on the Infineon Management Board

Munich, Germany – 19 October, 2023 – The Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) Supervisory Board has appointed Elke Reichart to the Management Board effective November 1, 2023. As Chief Digital Transformation Officer (CDTO), she succeeds Constanze Hufenbecher, who has decided not to renew her expiring contract. As CDTO, Elke Reichart will among other things be responsible for group-wide digitalization projects, IT infrastructure and Infineon's sustainability strategy.

"Fully leveraging the opportunities of the digital transformation is a key leadership task. I am therefore delighted to have Elke Reichart, an internationally experienced and high-profile technology manager, join the Infineon Management Board. She has proven in her career that she can further develop international organizations and successfully implement digitization projects," said Herbert Diess, Chairman of Infineon's Supervisory Board. "On behalf of the entire Supervisory Board, I would like to express my sincere thanks to Constanze Hufenbecher for her outstanding work. She has successfully built up the CDTO department and together we decided that November 1 was a suitable time to hand over the baton."

"Green and digital transformation go hand in hand – and Infineon is driving both. In this context, digitalization is also a crucial lever for our own company. I am very much looking forward to working with Elke Reichart. She will bring new perspectives and impetus to the Management Board and use her extensive experience to help lead Infineon into an even more successful future," said Jochen Hanebeck, CEO of Infineon. "I would like to sincerely thank Constanze Hufenbecher for the good collaboration. With the Digital Agenda and the Sustainability Strategy, she has laid important foundations and shaped a culture of cross-departmental collaboration."

"Digitalization is an integral part of Infineon's strategy. A differentiating service and product portfolio, better interaction with customers, faster and more efficient processes: digital solutions support Infineon's strategy in many ways. I look forward to soon being part of this great company and I thank the Supervisory Board for their trust," says Elke Reichart.

Elke Reichart was Chief Digital Officer of TUI Group from 2018 to 2021, where she was responsible for the Group's digitalization strategy, among other things. Prior to that, she held various management positions at Hewlett Packard over a period of 25 years, including Vice President Strategy & Planning at HP's headquarters in Palo Alto (California). During her time at HP, Elke Reichart was responsible for various transformation programs, each with a volume of several billion US dollars.

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

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