MUNICH, Germany Wolfgang Ziebart, currently deputy chairman of the board at automotive supplier Continental AG, is in line to replace Ulrich Schumacher as CEO of Infineon Technologies AG, according to press reports.
Ziebart, 54, could reportedly be presented to Infineon's board of directors as early as next week.
The acceptance of the candidate is subject to approval by the board of directors. According to the newspaper Sueddeutsche Zeitung, there are already doubts about whether Ziebart will win acceptance from a workers' representative on Infineon's board since Ziebart, according to sources quoted by the newspaper, "drove a harsh course against the employees."
Ziebart has experience in the electronics business. While Continental was formerly almost exclusively a tire manufacturer, Ziebart helped strengthen subsidiary companies Teves and Temic. Teves, a former brake manufacturer, today has a strong portfolio of electronic brakes, electronic stability programs and chassis electronics. Temic develops driver assistance systems, passenger safety systems and body electronics.
Before joining Continental in October 2000, Ziebart worked for BMW here. Sources close to Infineon said the selection of a candidate with a strong automotive background could influence Infineon's future focus.
While press reports here on Friday (May 7) treated the announcement of Ziebart's appointment as inevitable, Infineon maintained its policy of refusing any comment on the succession.