Infineon Nominates Wolfgang Mayrhuber as Designated Supervisory Board Chairman and Appoints Dominik Asam as New Chief Financial Officer

Nov 22, 2010 | Business & Financial Press

Munich, Germany – November 22, 2010 – Today Infineon's Supervisory Board nominated Wolfgang Mayrhuber (63) as the designated Supervisory Board Chairman. The Supervisory Board will propose Wolfgang Mayrhuber for election to the Supervisory Board at the 2011 Annual General Meeting (AGM) taking place on February 17th 2011. Prof. Dr. Dr. h.c. Klaus Wucherer, who currently performs this role, will step down as Supervisory Board Chairman after the AGM and give up his seat on the Supervisory Board. The Supervisory Board will then elect its new Supervisory Board Chairman.

“In Wolfgang Mayrhuber we have gained a company leader with a global reputation. He has an excellent network of international contacts as well as outstanding expertise in business areas involving complex technology. At Lufthansa he revealed in impressive fashion that he is a clear-sighted strategist and a staunch team player,” said Klaus Wucherer, Supervisory Board Chairman at Infineon.

“I look forward to working with the management, the employee representatives and the shareholders on the Supervisory Board,” said Wolfgang Mayrhuber. “I am convinced that Infineon has potential and will meet the investors' expectations of sustainable growth and offer its employees a successful future. I am pleased to be playing a part in this as Supervisory Board Chairman.”

Dominik Asam new CFO

Today the Supervisory Board also appointed Dominik Asam (41) as the new Chief Financial Officer. “Infineon needs someone with a business mind and experience at a technology company; someone who has a firm grip on their figures and also a clear understanding of the dynamic semiconductor industry,” said Klaus Wucherer.

Dominik Asam has gained extensive financial experience at Goldman Sachs. He was subsequently responsible for Strategy and Investor Relations at Infineon, before taking on top management roles with plenty of entrepreneurial freedom at Siemens, including CEO of Siemens Financial Services. He is currently in charge of Group Controlling at RWE. Dominik Asam, who has two degrees in engineering as well as an MBA, stands out thanks to his technological understanding, as well as his proven international record.

“In the extremely dynamic and competitive semiconductor industry, Infineon has consistently oriented its portfolio towards profitable growth,” said Dominik Asam, new CFO of Infineon. “One particular challenge in this very innovative business certainly lies in the effective combination of technical and entrepreneurial competence.”

Dominik Asam will take up the role of CFO on January 1st, 2011.

About Infineon

Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2010 fiscal year (ending September 30), the company reported sales of Euro 3.295 billion with approximately 26,650 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).

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