Supervisory Board appoints Jochen Hanebeck as successor to Dr. Reinhard Ploss as CEO of Infineon
November 26, 2021 at 03:58 am EST
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Jochen Hanebeck will take over as the new Chief Executive Officer of Infineon Technologies AG on 1 April 2022.
This was decided today by the Supervisory Board. Hanebeck was reappointed for five years, his contract runs until 31 March 2027. He has been a member of the Management Board and Chief Operations Officer since 2016. He succeeds Dr. Reinhard Ploss, who has led the company as CEO since 2012.
'We are delighted to present Jochen Hanebeck, an outstanding expert of both the semiconductor industry and, of course, Infineon, for the position of Chief Executive Officer. The Supervisory Board, Dr. Ploss and Mr. Hanebeck will define the details of this change in the leadership of Infineon in the coming months,' says Dr. Wolfgang Eder, Chairman of the Supervisory Board of Infineon. 'Jochen Hanebeck has already contributed significantly to Infineon's profitable growth trajectory over many years in various leadership positions. With him as CEO, the company will continue its success in the undoubtedly demanding times ahead. We thank Dr. Ploss most cordially for his extraordinarily successful work at the helm of Infineon. He has led Infineon into the global top ten. Thanks to his visionary power, and equally his personal thoughtfulness, Infineon today is excellently positioned as a technology leader in global high-growth markets.'
'I'm very grateful for the trust of the Supervisory Board,' says Jochen Hanebeck. 'Together with the Management Board team and all employees, I want to seize the opportunities that continue to present themselves to Infineon in the future, and make our customers successful in the marketplace. Our semiconductor solutions are central pillars for the major trends of electrification and digitalization of the world. It is an honor for me to take over an excellently positioned company from Reinhard Ploss.'
'With Jochen Hanebeck, the Supervisory Board has made a very good choice for the future leadership of Infineon,' says CEO Dr. Reinhard Ploss. 'I have known Jochen Hanebeck for many years as a competent and reliable colleague. He is very familiar with our industry and its challenges, and I am proud that Infineon's course will continue to be determined by a member of today's management team in the years to come.'
Dr. Reinhard Ploss (born 1955) has been a member of Infineon's Management Board since 2007 and Chairman since 2012. The strategic approach 'Product to System' was established in the company under his leadership. In addition, the portfolio was expanded and completed through the successful acquisitions of International Rectifier and Cypress Semiconductor Corp. Dr. Ploss began his career with the company in 1986 as a process engineer.
Jochen Hanebeck has been a member of the Management Board and Chief Operations Officer since 2016. He was born in 1968 in Dortmund. He received a degree in electrical engineering from RWTH Aachen University. He has been with Infineon since 1994 (Siemens AG until 1999).
About Infineon
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about EUR11.1 billion in the 2021 fiscal year (ending 30 September) and is one of the ten largest semiconductor companies worldwide.
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Infineon Technologies AG is one of the world's leading manufacturers of semiconductors. The group's products include power semiconductors, sensors, microcontrollers, digital, mixed-signal and analog ICs, discrete semiconductor modules, switches, interface ICs, motor-controlling ICs, RF power transistors, voltage regulators, and electronic safety components. Net sales break down by area of activity as follows:
- automotive (50.5%): semiconductor products used in the automotive industry, and memory products for specific applications for automotive, industrial, information technologies, telecommunications and consumer electronics.
- power & sensor systems (23.3%): semiconductors for energy-efficient power supplies, mobile devices, mobile phone network infrastructures, human-machine interaction as well as applications with special demands on their robustness and reliability.
- industrial power control (13.5%): semiconductor products for the conversion of electrical energy for small, medium and high-power applications, used in the manufacturing, the low-loss transmission, the storage and the efficient use of electrical energy;
- connected secure systems (12.6%): semiconductors for networked devices, card-based applications, and government documents; microcontrollers for industrial, entertainment, and household applications, components for connectivity systems, various customer support systems;
- other (0.1%).
Net sales are distributed geographically as follows: Germany (12.4%), Europe/Middle East/Africa (14.4%), China/Hong Kong/Taiwan (32.3%), Japan (10.5%), Asia/Pacific (15.9%), the United States (12.1%) and Americas (2.4%).