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Following on repeated quarters of red-ink stained financial reports tied to its Qimonda memory unit, Infineon has announced that its CEO will be stepping down effective June 1. Infineon chief Wolfgang Ziebart will reportedly be leaving the company before his contract expires in September 2009, and will be succeeded by Peter Bauer.
There is reportedly some bad blood between the CEO and Max Dietrich Kley, head of Infineon’s supervisory board. And, there are reports that Infineon is being eyed by an investment firm looking to combine the company with NXP. How that plays in to the CEO’s departure is not clear.
So long, Wolfgang. It’s been a good run.
[Via: AFP]
About The Author
Will Park
Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...
