Infineon CEO to quit: report
May 16, 2008
The chief executive of troubled German chipmaker Infineon, Wolfgang Ziebart, is to quit after losing the confidence of the board, a newspaper report said Friday.
Ziebart's contract runs to September 2009 but he will leave the company on June 1, after falling out in particular with the head of the supervisory board Max Dietrich Kley, business daily Boersen-Zeitung said.
A spokesman for the company declined to comment.
Munich-based Infineon has been trying for some time to sell its heavily loss-making memory chip division Qimonda. There has also been speculation that the whole company may be taken over.