Infineon’s ceo quits

With speculation surrounding the company’s future, Dr Wolfgang Ziebart has resigned as Infineon’s president and ceo, citing differences in opinion over the company’s future strategic direction. No immediate successor has been named, although Peter Bauer has been nominated as ‘spokesman of the management board’. According to Bauer: “Infineon’s technology and market position is outstanding in various areas. If we continue to further focus our resources and execute our measures thoroughly and fast, we have good chances for a prosperous future. During the last years, the future direction of the company has been largely set. But we have to execute and – if necessary extend – our measures step by step and at high speed. I look forward to contribute to achieve our goals together with our highly qualified employees.” Industry speculation of late has centred on a merger between Infineon and NXP.