The Supervisory Board of Infineon Technologies AG resolved yesterday to extend the Management Board by one member. Arunjai Mittal is appointed to the Management Board effective January 1, 2012. The Management Board will, thus, consist of four persons in future.
The Industrial & Multimarket (IMM) business will be divided into two divisions, Power Management & Multimarket (PMM) and Industrial Power Control (IPC), effective January 1, 2012. The Chip Card & Security (CCS) Division and Automotive (ATV) Division will remain as they are.
Arunjai Mittal is the long-standing Head of the Industrial & Multimarket (IMM) Division. In his role as member of the Management Board, he will be responsible for the Regions, Sales, Marketing, Strategy Development and Mergers & Acquisitions (M&A). Therewith he will be responsible for drawing up and agreeing possible strategy options. Peter Bauer, as the CEO of Infineon Technologies AG, is and remains responsible for the overall strategy of the company and its divisions. The responsibilities of Dr. Reinhard Ploss and Dominik Asam on the Management Board remain unchanged.
Industrial & Multimarket to form two divisions
The Industrial & Multimarket (IMM) Division will be divided into two business units effective January 1, 2012. The industrial electronics business has seen very strong growth and increasing complexity over the recent years. The new structure focuses on the two main target markets in organizational terms. Furthermore, it ensures targeted growth in these markets. The new Industrial Power Control (IPC) Division will concentrate on businesses in the field of drive electronics and renewables. These cover semiconductor components for electrical drives in industrial applications, such as for machines and locomotives, and energy generation applications like solar and wind power plants. The new Power Management & Multimarket (PMM) Division will concentrate on businesses in the field of energy-efficient power supplies and high frequency applications. These are mainly used in consumer goods such as television sets, games consoles, PCs, mobile devices and in computer servers.
Dr. Helmut Gassel, currently in charge of Chip Card & Security, will head the new Industrial Power Control (IPC) Division. Dr. Stefan Hofschen will take over as Head of the Chip Card & Security Division. He is currently a member of the board of the Automotive Division. Peter Schiefer will be in charge of the new Power Management & Multimarket (PMM) Division. He is currently a member of the board of the Industrial & Multimarket Division. Dr. Helmut Gassel, Dr. Stefan Hofschen and Peter Schiefer have long-standing, successful track records in various central and international management roles at Infineon.
