Dr. Sven Schneider of Linde AG will become the new CFO of Infineon Technologies AG

Dr. Sven Schneider of Linde AG will become the new CFO of Infineon Technologies AG

(PRESS RELEASE) MUNICH, 14-Mar-2019 — /EuropaWire/ — Dr. Sven Schneider, who is currently Board Spokesman, CFO and Labor Director at Linde AG, will be the next CFO of Infineon Technologies AG. His appointment has just been voted by Infineon’s Supervisory Board and will begin on 1 May 2019.

Dr. Schneider will succeed on the CFO position Dominik Asam as his is moving over to Airbus SE on 1 April, 2019.  Dr. Schneider’s contract will initially be for three years.

There will be one month transition period during which the CEO of Infineon Technologies AG Dr. Reinhard Ploss will look after the company’s financials.

Dr. Sven Schneider, as the CFO of Infineon, will be responsible for the Accounting & Reporting, Financial Controlling, Financial Planning, Investor Relations, Taxes, Treasury, Auditing, Compliance, Export Control, Risk Management, Business Continuity, and Information Technology.

Dr. Sven Schneider has been in Linde AG since 1995 as initially he begun his career in their finance department and later on since 2000 he held managerial positions there. Dr. Schneider was instrumental in financing the Linde Group’s acquisitions of Lincare in the United States and BOC in the UK.

He took over the full responsibility for Linde’s finance department on an acting basis in 2016 and since 2017 has been a member of the Executive Board of Linde AG. In this function Dr. Sven Schneider was also instrumental in the company’s successful merger with Praxair, Inc. to form Linde plc.

Dr. Eckart Sünner, Chairman of Infineon’s Supervisory Board:

“In Dr. Sven Schneider we are gaining a proven financial expert as our new CFO. He has performed impressively in his previous positions. We are confident that his broad qualifications and vast experience will help Infineon to continue on its successful path.”

Infineon CEO Dr. Reinhard Ploss:

“We very much look forward to welcoming Dr. Schneider to the Management Board. With his expertise and his personality, he will strengthen us excellently. Together we will continue to pursue Infineon’s goal of generating sustained profitable growth while helping to shape the future.”

Dr. Sven Schneider, the designated Infineon CFO:

“I am delighted to be joining the Infineon Management Board in a few weeks’ time. Microelectronics is the key to a better future, and Infineon plays a decisive role in this with its products in important growth markets. I want to continue to write this success story together with the Infineon employees.”

Infineon Technologies AG is the leading company in the semiconductor sector with FY 2018 sales of €7.6 billion relying on more than 40.000 employees 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).

SOURCE: Infineon Technologies AG