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MarketScreener Homepage  >  Equities  >  Xetra  >  Infineon Technologies AG    IFX   DE0006231004

INFINEON TECHNOLOGIES AG

(IFX)
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Infineon Technologies : Supervisory Board with new line-up after the Annual General Meeting 2020

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01/13/2020 | 10:03am EST

Munich, Germany - 13 January 2020 - The terms of office of all employee representatives on the Supervisory Board and of six of the eight members on the side of the shareholders will expire at the close of the Annual General Meeting of Infineon Technology AG (FSE: IFX / OTCQX: IFNNY) on 20 February 2020. The future employee representatives were already elected in December 2019. The remaining members are to be elected by the shareholders at the upcoming Annual General Meeting; the Supervisory Board proposes Xiaoqun Clever, Dr. Friedrich Eichiner, Dr. Ulrich Spiesshofer and Margret Suckale for election. The re-election of the current shareholder representatives Hans-Ulrich Holdenried and Dr. Manfred Puffer is also planned. The current mandates of the Supervisory Board members Dr. Wolfgang Eder and Géraldine Picaud remain unaffected by the election process at the upcoming Annual General Meeting. Peter Bauer, Dr. Herbert Diess, Prof. Dr. Renate Köcher and Dr. Eckart Sünner will therefore no longer be members of the Supervisory Board.

'With the planned changes, the Supervisory Board will continue to have experienced Infineon experts and at the same time broaden its competencies. I look forward to the additional expertise in the areas of digitalization as well as finance and risk management. In addition, we will gain further industry expertise and experience in the field of human resources. As the full Supervisory Board, in other words, together with the employee side, we will also achieve a 50 percent quota of women in the upcoming elections. Overall, the composition of the future Infineon Supervisory Board will thus take full account of diversity considerations and the sustainability concept that will continue to shape development in Europe and beyond,' said Dr. Wolfgang Eder, Chairman of the Infineon Supervisory Board.

'The company would like to thank Peter Bauer, Dr. Herbert Diess, Prof. Dr. Renate Köcher and Dr. Eckart Sünner. They have all contributed with great commitment and important impetus to developing Infineon into one of the world's leading semiconductor manufacturers. On behalf of the Supervisory Board, but also personally, I would like to join them in expressing my thanks, not least to Dr. Eckart Sünner, my predecessor as Chairman of the Supervisory Board,' said Wolfgang Eder, in closing.

Further information on the candidates standing for election, in particular their curricula vitae, can be found in the invitation to the Annual General Meeting, available at www.infineon.com/notice-of-agm.

Disclaimer

Infineon Technologies AG published this content on 13 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2020 15:02:10 UTC

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Financials (EUR)
Sales 2020 8 454 M
EBIT 2020 1 273 M
Net income 2020 997 M
Finance 2020 3 037 M
Yield 2020 1,33%
P/E ratio 2020 26,9x
P/E ratio 2021 22,9x
EV / Sales2020 2,84x
EV / Sales2021 2,57x
Capitalization 27 046 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 24,02  €
Last Close Price 21,73  €
Spread / Highest target 38,1%
Spread / Average Target 10,5%
Spread / Lowest Target -14,4%
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Managers
NameTitle
Reinhard Ploss Chief Executive Officer
Wolfgang Eder Chairman-Supervisory Board
Jochen Hanebeck Chief Operating Officer
Sven Schneider Chief Financial Officer
Renate Köcher Member-Supervisory Board
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