The Channel logo

News

By | John Oates 27th May 2008 09:11

Infineon boss heads for door

Scraps over strategy lead to ship-jump

The chief executive of Infineon, Dr Wolfgang Ziebart, has resigned from the company because of an inability to agree strategy with the company's board of directors.

Infineon's chairman Max Dietrich Kley thanked Ziebart for his work. Kley said: "We would like to thank Mr. Ziebart for his efforts and merits. He took over the position as CEO four years ago in an extremely difficult situation."

He said his position would be taken by Peter Bauer who will expand the "IFX 10-Plus" plan for the company. This plan is designed to help the company cut manufacturing costs, improve company efficiency and improve margins by optimising its portfolio.

Bauer has been on Infineon's board of directors since 1999.

Ziebart has overseen the spinning-off of the company's memory business. He was previously deputy chairman of tyre maker Continental.

The changes take effect from 1 June 2008. ®

alert Send corrections

Opinion

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away