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News Article

Infineon makes changes after step down

Following the resignation of Dr. Andreas von Zitzewitz, Infineon has approved a reorganization of the responsibilities within the Management Board.
Following the resignation of Dr. Andreas von Zitzewitz, Infineon has approved a reorganization of the responsibilities within the Management Board. Dr. von Zitzewitz is under investigation based on allegations of Udo Schneider, Managing Director of BF Consulting GmbH. This is in context with payments made for contracts regarding motor sport sponsoring. The company immediately terminated all sponsoring engagements in motor sports as far as possible after the departure of the former CEO Dr. Ulrich Schumacher.

Dr. von Zitzewitz declared his resignation, to spare the company the burden of the ongoing investigation and to be able to fully concentrate on the expected court case.

Prof. Dr. Hermann Eul has been appointed to the Management Board and Kin Wah Loh, Management Board Member, will assume responsibility for the Memory Products Business Group. Professor Eul, until present Group Vice President and General Manager of the Communications Business Group is appointed Deputy Management Board Member and in this capacity he will take over the responsibilities of Kin Wah Loh.

Infineon Technologies AG is not under investigation and cooperates fully with the authorities.
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