Max Dietrich Kley Proposed as New Chairman of Infineon's Supervisory Board

Jul 22, 2002 | Business & Financial Press

Munich, July 22, 2002 - Effective July 31, 2002, Dr. Peter Mihatsch (61) will withdraw from his position as Chairman of the Supervisory Board of Infineon Technologies AG. Following this change, Max Dietrich Kley (62) is designated to become member of Infineon's Supervisory Board and, subsequently, its Chairman.

Mihatsch has left the management board of Taurus Holding GmbH & Co.KG and will now pursue partnership plans with a US company. "According to legal advice the new engagement could represent a conflict of interest with Infineon", Mihatsch explained. "I regret that, therefore, I had to give up my position at Infineon", continued Mihatsch.

Max Dietrich Kley is Chief Financial Officer and Deputy Chairman of BASF AG, Ludwigshafen, Germany. Among numerous memberships and activities he serves as Chairman of the German stock exchange expert commission (Börsensachverständigenkommission) and President of the German Stock Institute (Deutsches Aktieninstitut e.V.).

Kley will become an official member of Infineon's Supervisory Board as soon as procedural steps are completed. The Supervisory Board will then appoint its new Chairman.

Information Number

INFXX200207.126 e

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    Max-Dietrich Kley Deputy Chairmann BASF AG
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