MUNICH, Germany Franz Betschon, Chairman of the Board of Directors of Micronas Semiconductor Holding AG, has decided to step down with effect from end of June 2006. Betschon, aged 65, gave personal reasons for his decision.
The chairmanship will pass to present Vice Cheirman Thomas Lustenberger. "During more than eight years in which I have served Micronas Group as Board Chairman, the company has become one of the market leaders for complex semiconductor systems in its core business areas. It is a fitting moment for me to bow out and make way for fresh blood," commented Franz Betschon on his retirement.
During Betschon's time as Chairman, the chip manufacturer, which is listed on the SWX Swiss Exchange, has more than trebled its consolidated net sales from CHF 280 million ($227 million) in 1998. Micronas' product spectrum focuses on application-specific semiconductors for consumer and automotive electronics.