14 May 2012

Infineon ceo to quit at end of September

Infineon's ceo Peter Bauer, pictured left, has announced that he will resign at the end of September due to health reasons. Bauer began his career in 1985 at Siemens Semiconductors, which span out into Infineon Technologies. He was part of the Infineon's management board when it went public in 2000 and became ceo in 2008.

"This is a very difficult decision for me," said Bauer. "However, due to the uncertainties posed by my illness I can no longer dedicate the undivided attention required by the office of the ceo to lead Infineon into the future."
Infineon's supervisory board has named Dr Reinhard Ploss as the next chief executive. Dr Ploss, pictured right, is currently responsible for production, development, technology and human resources.
Wolfgang Mayrhuber, chairman of Infineon's supervisory board, commented: "The Supervisory Board is grateful for Peter Bauer's outstanding contribution to the company. With the support of his management, he prepared the company for the future. Infineon is stable and profitable today, with attractive products, state of the art manufacturing and competent employees led by an excellent management team."

Author
Graham Pitcher

Supporting Information

Websites
http://www.infineon.com

Companies
Infineon Technologies AG

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