Infineon reinforces the Management Board to continue the successful growth strategy

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Effective from July 1, 2016 Jochen Hanebeck, currently Division President Automotive, is appointed as Member of the Board for the newly introduced Operations department.

Infineon today produces in 19 factories on three continents with highest quality standards and a strong focus on innovation. Likewise effective from July 1, 2016 Dr. Helmut Gassel, currently Division President Industrial Power Control, is appointed as Member of the Board for Strategy Development, Sales & Marketing and Regions.

In addition the Supervisory Board has accepted with the deepest regret the request by Arunjai Mittal, Member of the Board, to leave Infineon effective September 30, 2016. The Supervisory Board wants to thank Arunjai Mittal particularly for his readiness to see the transition through to Helmut Gassel, his successor.

The succession of both of the new members of the Management Board was decided: Peter Schiefer, currently Head of Operations, will become Division President Automotive. Dr. Peter Wawer is currently member of the Management Board of the Power Management & Multimarket Divisionand will become DivisionPresident Industrial Power Control.

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