Feeds

Infineon shortlists two CEO candidates

Reports sales, income gains, too

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Infineon has narrowed its CEO shortlist to just two names, the memory maker's interim chief revealed after announcing the company's Q2 results.

Acting CEO Max Dietrich Kley said the board's decision as to which of the two will succeed Ulrich Schumacher who abruptly quit the company last month, could come as early as July or as late as September.

Both candidates come from outside Infineon, have chip industry experience and are German, Kley said. However, he refused to be drawn on who the company is talking to. He also threatened to remove from the running any candidate whose identity leaks out ahead of the official announcement.

Bloomberg has already claimed that one candidate is Intel's European chief, Juergen Thiel.

Kley's main task yesterday was to detail the Infineon's Q2 financial performance. Revenues for the quarter reached €1.67bn ($1.98bn), up three per cent on the previous quarter and 13 per cent on Q2 2003.

Net income totalled €39m ($46m), up 14.7 per cent on Q1's €34m ($40m) and rather better than the €328m ($388m) the company lost in Q2 2003.

Infineon attributed the sequential growth on rising memory sales volumes, which counteracted falling prices and the effect of the weak dollar, and improved revenues from its automotive and industrial business group. ®

Related stories

Schumacher quits Infineon EC approves Infineon state aid package
Memory makers hit by price-fixing claims

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?