Infineon to Extend CEO and CFO Contracts Through 2032

Estimated reading time: 2 minutes

Infineon Technologies AG plans to extend the contracts of Chief Executive Officer Jochen Hanebeck and Chief Financial Officer Dr. Sven Schneider ahead of schedule. Jochen Hanebeck’s contract is to be extended until the end of March 2032, while Dr. Sven Schneider’s contract is to run until the end of April 2032. Without the planned extension, the contracts would have expired on 1 April 2027 and 1 May 2027, respectively. The Supervisory Board will pass the formal resolution in May.

“Infineon Technologies AG is in very capable hands, which is why we are establishing clarity about the company’s long term direction at an early stage,” says Dr. Herbert Diess, Chairman of the Supervisory Board of Infineon Technologies AG. “With important investments in technological strength and a consistent focus on competitiveness, Jochen Hanebeck — together with Sven Schneider and the entire Management Board team — has successfully positioned Infineon for the future. The company will continue on this path of profitable growth in the years ahead.”

“We are determined to seize future opportunities — for example in the fields of artificial intelligence, software defined vehicles and humanoid robotics,” says Jochen Hanebeck. “Infineon is exceptionally well positioned to benefit from the defining growth trends of our time. The key to success is the ability to rapidly turn innovation into customer value. I would like to thank the Supervisory Board for its confirmation to continue consistently on this path.”

“Infineon combines financial stability with a strategy focused on profitable growth,” says Sven Schneider. “This clear direction has enabled the company to perform well even in times of macroeconomic uncertainty. I look forward to continuing to create sustainable value for Infineon and its shareholders in the coming years, together with a strong team. I would like to thank the Supervisory Board for its trust.”