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Infineon names COO Jochen Hanebeck as subsequent CEO

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Infineon Applied sciences COO Jochen Hanebeck will turn into CEO of the semiconductor maker on April 1, 2022, succeeding Reinhard Ploss, who has led the corporate since 2012.

The succession plan was permitted final week by Infineon’s supervisory board, who gave Hanebeck a five-year contract, till March 31, 2027. Infineon mentioned in a information launch that he and Ploss would work collectively on the management transition.

Hanebeck, born in 1968 in Dortmund, Germany, holds a level in electrical engineering from RWTH Aachen College. He joined Siemens in 1994 (Infineon was spun off from Siemens as a separate firm in 1999) within the U.S. as a part of a three way partnership with Siemens, IBM and Toshiba. Hanebeck grew to become head of operations for the automotive, industrial and multimarket group in 2008, and was named head of automotive in 2008. He was named COO and a member of the administration board in 2016.

Ploss, born in 1955 in Bamberg, Germany, joined Siemens in 1986 as a course of engineer. He grew to become president of the automotive, industrial and multimarket group in 2000, and was named a member of the administration board in 2007. He grew to become CEO in 2012. Underneath his management Infineon acquired Worldwide Rectifier and Cypress Semiconductor. 

Infineon, primarily based in Neubiberg, Germany, is without doubt one of the 10 largest semiconductor makers globally, with greater than 50,000 staff and general revenues of about 11.1 billion euros ($12.5 billion).

The corporate ranks forty ninth on the Automotive Information Europe prime 100 international suppliers listing, with automotive gross sales of $4.63 billion in 2022.

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