The Supervisory Board of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has appointed Dr. Sven Schneider to become the CFO effective 1 May 2019. His contract will initially run for three years. Dr. Schneider is moving to Infineon from Linde AG, where he is currently Board Spokesman, CFO and Labor Director.
Schneider succeeds Dominik Asam, who will be moving to Airbus SE on 1 April. During the one-month transition period, the Chief Executive Officer of Infineon Technologies AG Dr. Reinhard Ploss will manage the company’s finance organization. As Chief Financial Officer, Dr. Schneider will be in charge of Accounting & Reporting, Financial Controlling, Financial Planning, Investor Relations, Taxes, Treasury, Auditing, Compliance, Export Control, Risk Management, Business Continuity, and Information Technology.
“In Dr. Sven Schneider we are gaining a proven financial expert as our new CFO. He has performed impressively in his previous positions. We are confident that his broad qualifications and vast experience will help Infineon to continue on its successful path,” says Dr. Eckart Sünner, Chairman of Infineon’s Supervisory Board.
Infineon CEO Dr. Reinhard Ploss says: “We very much look forward to welcoming Dr. Schneider to the Management Board. With his expertise and his personality, he will strengthen us excellently. Together we will continue to pursue Infineon’s goal of generating sustained profitable growth while helping to shape the future.”
“I am delighted to be joining the Infineon Management Board in a few weeks’ time. Microelectronics is the key to a better future, and Infineon plays a decisive role in this with its products in important growth markets. I want to continue to write this success story together with the Infineon employees,” says Dr. Sven Schneider, the designated Infineon CFO.
The business administration graduate with a doctorate in political science has been Board Spokesman, CFO and Labor Director of Linde AG since 2019. He began his professional career at Linde in 1995 in the finance department and has held managerial positions there since 2000. He took the lead in financing the Linde Group’s acquisitions of Lincare in the United States and BOC in the UK. He initially assumed full responsibility for the finance department on an acting basis in 2016 and has been a member of the Executive Board of Linde AG since 2017. In this function he was also instrumental in the company’s successful merger with Praxair, Inc. to form Linde plc.