The supervisory board of Infineon Technologies AG recently announced the extension of the management board by one member by appointing Arunjai Mittal with effect from 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.
Infineon has developed into a successful, stable company with sustainable growth prospects. By focusing on energy efficiency, mobility and security with its market-leading products and system solutions, Infineon addresses areas of high economic significance and social relevance.
“A precondition for continuous success is a thorough understanding of our customers´ future requirements. Asia and, in particular, China offers great market potential. Therefore the Supervisory Board has decided to appoint a further Management Board Member, who will continue to push ahead the market penetration particularly in the growth regions. Sales, Marketing, Strategy Development and M&A, are under his responsibility,” said Wolfgang Mayrhuber, chairman of the supervisory board of Infineon Technologies AG.