Infineon Technologies AG announced that Wolfgang Eder, Chairman of the Supervisory Board, and Board member Hans-Ulrich Holdenried will resign from the Board at the next Annual General Meeting to be held on February 16, 2023. Herbert Diess and Klaus Helmrich, both aged 64, are the current candidates to succeed them. Diess is expected to assume the role of Chairman of the Supervisory Board subject to a confirming vote by the AGM.

Eder has been a member of the Infineon Board since 2018 and its Chairman since 2019. He has also been Chairman of the Supervisory Board of voestalpine AG since 2022. Holdenried has been a member of the Infineon Board since 2010.

The new Chairman Diess was CEO of Volkswagen AG from 2018 until 2022. He was a member of the Infineon Supervisory Board from 2015 until 2020. Further, Helmrich is a member of both the ZF Friedrichshafen AG and Festo SE & Co.