Ex-Volkswagen Group CEO Herbert Diess has been named the next chairman of German semiconductor chip maker Infineon.
He is expected to assume the role at the firm’s next annual general meeting on 16 February, subject to a confirmation vote and the resignation of current chairman Wolfgang Eder.
“In the interest of an age-independent realignment of the supervisory board with a longer-term impact, I will not seek re-election,” said Eder.
“Given the highly challenging environment in which Infineon is active, I am pleased to welcome Dr Herbert Diess as the ideal candidate to become my successor.
