Infineon Technologies AG / Key word(s): Change of Personnel
13.05.2012 17:45
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Peter Bauer, CEO of Infineon Technologies AG, will resign his post at the
end of the current fiscal year due to health reasons.
Peter Bauer suffers from osteoporosis. Due to his severely worsening
condition, he informed the Supervisory Board of his decision to leave to
which the Supervisory Board gave its consent.
Bauer began his career in 1985 at Siemens Semiconductors, which was
eventually carved-out into Infineon Technologies AG. He was already part of
the Management Board when Infineon went public in 2000 and, in 2008, became
the company's CEO. Under his leadership, Infineon executed an extremely
successful restructuring and refinancing program in response to the 2009
financial crisis and decisively focused its strategy on profitable growth
in the areas of Energy Efficiency, Mobility and Security.
The Supervisory Board of Infineon Technologies AG appointed Dr. Reinhard
Ploss as Peter Bauer's successor to the post of CEO as of 1 October, 2012.
Dr. Ploss is a member of the Infineon Management Board and is currently
responsible for production, development, technology and human resources.
Dr. Reinhard Ploss is with the company for over 25 years and presides over
profound knowledge of the complex semiconductor industry. After numerous
leadership roles in development and manufacturing, he assumed
responsibility for Infineon's Automotive and Industrial units, encompassing
products underlying the vast majority of Infineon's sales today. Dr.
Reinhard Ploss was appointed to the Infineon Management Board in 2007. In
this role, he has contributed significantly to the company's innovation and
earnings power. He also introduced a pioneering manufacturing strategy,
which will serve as the basis for further profitable growth.
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 2011 fiscal year (ending
September 30), the Company reported sales of Euro 4.0 billion with close to
26,000 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).
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Language: English
Company: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Germany
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations@infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX
End of Announcement DGAP News-Service
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