Dr. Wolfgang Ziebart becomes new Chief Executive Officer at Infineon

May 10, 2004 | Business & Financial Press

Munich, Germany - May 10, 2004 – Dr. Wolfgang Ziebart (54) was appointed by the Supervisory Board to the new President and CEO at Infineon Technologies AG today. Dr. Ziebart will assume his new responsibilities at Infineon not later than September 1, 2004.

“Thanks to his experience with turnarounds, his knowledge of the industry and his technical expertise, Dr. Ziebart displays all the outstanding qualifications required of a CEO at Infineon,” said Max Dietrich Kley, current Chief Executive Officer at Infineon. “Together with him, the Management Board will work as a team to drive the strategic goals of Infineon, which will remain unchanged in their basic form, to motivate the employees and to further reinforce the company’s profit orientation.”

After completing a degree in engineering and his doctorate in Munich, Dr. Wolfgang Ziebart began his professional career in 1977 at automobile manufacturer BMW. There he held a number of different positions, was then responsible for the development of electronics and appointed to the Management Board in 1999. In 2000, Dr. Ziebart moved to Hannover to Continental AG, the automotive supplier, to head the Automotive Systems Division there with the focus on automotive electronics and electronic brake systems. One year later, he was appointed Deputy Chairman of the Executive Board at Continental AG.

Until Dr. Ziebart assumes his new duties at Infineon, Max Dietrich Kley will continue to act as CEO at the semiconductor manufacturing company. After he steps down as CEO, Kley will resume his currently resting function as Chairman of the Supervisory Board of Infineon.

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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