Feeds

Infineon shortlists two CEO candidates

Reports sales, income gains, too

  • alert
  • submit to reddit

Intelligent flash storage arrays

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

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.